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India to see $35-40 billion in ‘impact’ investments by 2025

May 15, 2017

NEW DELHI: India is projected to see impact investments worth up to $40 billion by 2025 as the country is in a "sweet spot" with high potential to deliver solutions for various problems, according to the Global Impact Investing Network (GIIN), a not-for-profit group that works to promote impact investments. Generally, Impact investments are generally classified as those made with the aim of having a social and environmental impact along with the investors’ financial returns.

China’s State-owned enterprises to take lead Belt and Road role

May 10, 2017

BEIJING - China's central State-owned enterprises will be the major force driving the Belt and Road initiative, the top State-owned assets regulator says. "The SASAC will encourage central SOEs to deepen c-ooperation with economies along the initiative in sectors such as equipment manufacturing, technology exports, standard-setting and management to advocate mutual benefits," Xiao Yaqing, Chairman of the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC), said.

China to prop up machine tool company with US$1.4 billion lifeline

May 5, 2017

SHANGHAI - Shenyang Machine Tool, based in Liaoning province’s namesake provincial capital, will receive a major support package from China Construction Bank and the Shenyang branch of the State-Owned Assets Supervision and Administrative Commission (SASAC), the agency that oversees big State-run companies and is one of Shenyang Machine Tool’s major stakeholders.