Cash-strapped Chinese internet company LeEco is facing another blow, with 1.24 billion yuan ($183 million) in assets belonging to its founder Jia Yueting and three affiliated companies being frozen by a court.
China Merchants Securities Co Ltd, one of the country's biggest brokerages by assets, has obtained official overseas securities brokerage license in South Korea, making it the first mainland securities company to get the green light.
Leading venture capital firm IDG Capital said it is actively seeking out investments in new retail, brands and services companies which are benefiting from the transformation of the consumer market.
Analysts said the startup of China's biggest power project in Russia points to expanding and increasingly important deals in the power sector between the two countries, and also significantly expanding investments by China in power projects internationally.
A major global helicopter manufacturer is bullish about China's economic prospects and plans to triple the size of its fleet there in the next five years.
Chemicals and coatings giant AkzoNobel said it is a perfect fit to help China boost its green development and innovation and is looking at further expanding its capacity in the country.
China's central bank said it is working together with local governments to develop five new green finance pilot zones, an initiative that will help fund the country's fight against pollution - which some analysts have estimated will cost over 3 trillion yuan ($440 billion) annually in investment.
BEIJING - The chief of US company Axalta Coating Systems, the global paints and coatings manufacturer, said it planned to invest more in China, after the group successfully opened a massive technology center in Shanghai earlier this month.
Principal Financial Group, the Iowa-based pension, insurance and asset management service provider, hopes to become a shareholder in China's pension business after gaining 12 years of experience in asset management in the country, said its senior executives.
Rio Tinto has tightened ties with China after selling its Australian coal assets to State-backed Yankuang Group for $2.69 billion.
Yu'E Bao, one of China's most popular internet-based funds, had amassed 1.43 trillion yuan ($210.5 billion) of assets under management by the end of June, which has already exceeded the size of individual deposits at some of China's largest banks.
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