ADB says to continue cooperating with China on BRI

Asian Development Bank (ADB) President Takehiko Nakao said on Thursday the Manila-based multilateral bank is willing to cooperate with China and Chinese finance organizations on future projects under the Belt and Road Initiative (BRI).

China's non-financial ODI to B&R countries amounted to 4.61 billion dollars in first four months

China's non-financial outbound direct investment (ODI) maintained stable growth in the first four months this year, official data showed Thursday. Non-financial ODI in 2,608 companies in 148 countries and regions amounted to 233.41 billion yuan (34.64 billion U.S. dollars) in the January-April period, up 3.3 percent year on year, the Ministry of Commerce said.

RMB cash transfer in China-Laos economic cooperation zone exceeds 100 mln yuan

Cross-border renminbi (RMB) cash transfer has exceed 100 million yuan (14.5 million U.S. dollars) in the Mohan-Boten Economic Cooperation Zone between China and Laos, through a specially built road tunnel.

AIIB approves first investment in Nepal

The Asian Infrastructure Investment Bank (AIIB)'s Board of Directors has approved a loan of up to 90 million U.S. dollars for a hydropower project in Nepal, its first project in the country. The Upper Trishuli-1 Hydropower Project will increase the countr

China's ODI in countries along the Belt and Road amounted to 5.63 billion dollars in first five months

China's non-financial outbound direct investment (ODI) maintained healthy growth in the first five months of this year, official data showed Thursday. Non-financial ODI in 3,115 companies from 149 countries and regions amounted to 301.15 billion yuan (about 44.54 billion U.S. dollars) in the January-May period, down 1 percent year on year, the Ministry of Commerce said.

Chinese companies raise 10 bln USD through China-Singapore program

Chinese firms have raised about 10 billion U.S. dollars in cross-border financing deals through a China-Singapore intergovernmental program over the past three years. A total of 105 cross-border financing deals worth 10.42 billion U.S. dollars have been reached through the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity since its official launch in November 2015, according to Han Baochang, director of the program's administration bureau based in Chongqing Municipality.