Orix To Invest Y300bn In Chinese Start-Ups

Orix Corp. plan to invest 300 billion yen in promising Chinese firms in such fields as finance and infrastructure over the next 3 years to tap rapid economic growth in that country, according to Nikkei. Orix will set up a holding company in Dalian this month that will oversee its investment operations in China. The wholly owned company, to be capitalized at roughly 8 billion yen, will procure yuan funds locally and try to reap profits by taking companies public. As its first deal, the investment firm will take a roughly 15% stake in a Dalian-based firm specializing in tourism and real estate. By February, the investment firm will buy stakes in leasing firms.