Oil giant explores Hong Kong IPO

China Petroleum & Chemical Corp, the world's biggest oil refiner, is reviving a long-mooted initial public offering of its retail business that could raise as much as $10 billion, people familiar with the matter said.

Vitol, Sinopec 'final bidders' for Chevron South Africa sale

Vitol Group and China Petroleum & Chemical Corp, known as Sinopec, are the two final bidders competing to buy Chevron Corp's South African assets, which could be worth about $1 billion, according to people familiar with the matter.

Minsheng takes on US funds in bidding for Portuguese bank

China's Minsheng Financial Holding, US funds Apollo and Centerbridge - plus the private equity firm Lone Star - are leading attempts to buy Portugal's Novo Banco, which was carved out of Banco Espirito Santo (BES) in 2014, four sources told Reuters.

KFC Health Foundation backs projects

The KFC Health Foundation, sponsored by Yum China Holdings Inc, has announced five scientific research projects that it will support this year.

L'Oreal beauty drive empowers poor women

French cosmetics giant L'Oreal released a report on Thursday about its charity project that trains low-income Chinese women to learn how to use makeup.

PwC, CPRI co-develop charity evaluation system

An online self-evaluation system for Chinese charitable organizations was launched recently. It aims to help charities promote openness and transparency in their operations and fundraising.

IN BRIEF (Page 18)

Gas pipeline firms diversify ownership

China Petroleum & Chemical Corp, usually known as Sinopec, has sold half of the shares of its gas pipeline business to another two State-owned enterprises.

Messe Frankfurt invests big in China

Messe Frankfurt GmbH, one of the world's largest trade fair companies, will continue to organize exhibitions in Belt and Road countries and increase investment in China, especially in the second-tier cities.

Chinese stocks experience slight gains

Chinese mainland stocks erased declines in afternoon trading to scratch out a gain for the day, with PetroChina Co leading the rebound as oil prices held near a 17-month high.

DJI sees jump in revenue

DJI, China's largest commercial drone manufacturer, is confident its revenue this year will surge by 60 percent to 10 billion yuan ($1.47 billion), thanks to the expansion of its production line, according to its vice-president.

Malaysia Airlines' mainland flights to expand rapidly

Malaysia Airlines, after being re-nationalized and restructured, decided to carry out a rapid expansion into the Chinese market with a brand new look. Eyeing the immense consumption power of Chinese tourists, Malaysia Airlines will add eight new destinations in the mainland, with 11 new routes and 35 additional flights between Malaysia and China, beginning in early 2017.