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.

BOC to speed up program to finance startup firms

The Bank of China Ltd has pledged to accelerate the development of its key investment and loan linkage mechanism - by working with the administrative committees of five national innovation zones to build up its client base and risk compensation and information-sharing systems.

JPMorgan to sell China joint venture stake

JPMorgan Chase & Co is set to sell its one-third stake in a Chinese securities joint venture for about 307 million yuan ($44 million), according to a Shenzhen Stock Exchange filing.

ICBC signs debt-for-equity swap with Jindong

Industrial and Commercial Bank of China (ICBC), the country's biggest lender, said on Monday it has agreed to conduct a 5 billion yuan ($720 million) debt-for-equity swap with cement producer Jindong Development Group.

Siemens grasps opportunities offered by its IT solutions

Information technology-based solutions can help Chinese companies boost product quality, efficiency, innovation and counter challenges such as rising labor costs - to pursue their goals opened up by the Made in China 2025 strategy, a leading international industry executive said.

Vanke ends restructuring negotiations with SZMG

China Vanke Co's shares declined sharply on Monday after it announced that it will terminate an asset-restructuring plan with Shenzhen Metro Group, marking an alleviation of the tension in its year-and-a-half-long battle for control, experts said.

Carson Block takes on China's top dairy farm in latest short

Trading in shares of China Huishan Dairy Holdings Co was triple the three-month average on Monday, when it resumed trading after being suspended on Friday. Prominent short seller Carson Block targeted the Hong Kong-listed dairy farm operator and said he would seek out more companies in the city.