Deal to boost solar power development

The Chinese government and the New Development Bank signed a loan agreement on Wednesday, approving the provision of 525 million-yuan ($75.5 million) sovereign project loan for the bank's first project in China, the Shanghai Lingang Distributed Solar Power Project.

Ant Financial pushes rural finance service

Ant Financial Services Group, Alibaba Group Holding Ltd's financial-services affiliate, has ramped up its expansion in rural finance - with the company announcing on Tuesday that it will provide so-called acquaintance-based loan services, big data-based online loan services and supply chain financing for the rural population in China.

Mainland moves to use more natural gas

China Petrochemical Corp, Sinopec, aims to sell around 10 billion cubic meters of natural gas during the heating season to meet rising demand.

CNPC acts on market-oriented targets

China's oil giant China National Petroleum Corp said on Wednesday that it has implemented guidelines on reforms for a market-oriented economy and mixed-ownership.

China stocks rebound as liquidity worries ease, reform hopes rise

China stocks rebounded on Wednesday, as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in State-owned sectors.

Nestle boosts Yunnan coffee farmers

Nestlé's presence in Southwest China's Yunnan province is helping local people shake off poverty.

Shenzhen research center to promote philanthropy

Shenzhen is looking to use its advantages in financial innovation to promote philanthropy by setting up a research center that combines the two.

Yili sees CSR as key issue for development strategies of firms

Fulfilling social responsibilities should be a company's key development strategy, not just a short-term charitable gesture, according to Inner Mongolia Yili Industrial Group Co, one of the top dairy firms in China.

IN BRIEF (Page 18)

LeEco plans to target high-value added customers

Chinese internet major LeEco said on Tuesday that its TV business will open content and platform resources to more third-party partners, with an expectation that its revenue from non-hardware will reach over 20 billion yuan ($2.9 billion) in the next three years.

Emerging industries to grow faster

China's emerging industries - information, manufacturing, biology, environment management and digital technology - will each attain an output scale of around 10 trillion yuan ($1.4 trillion) by 2020, according to the Plan on Strategic New Industries During the 13th Five-Year-Plan (2016-20) released by the State Council on Tuesday.

HNA buys second site near old Hong Kong airport

A unit of HNA Group Co outbid Hong Kong developers, including Cheung Kong Property Holdings Ltd, with an HK$5.4 billion ($697 million) offer for government land in the former Kai Tak airport area, adding to a $1.1 billion winning bid last month for another site nearby.