China Minsheng aims to boost business ties with Indonesia

China Minsheng Investment Group, the nation's leading private investment firm, will pledge 100 million yuan ($15 million) to fund the studies in China of Indonesian managers or Chinese executives seeking investment opportunities in Indonesia in 10 years.

Fifteen students from the first the Belt and Road Initiative-CMIG-Tsinghua Pilot Program for Indonesian Entrepreneurs started classes at Tsinghua School of Economics and Management in late July. They are founders or senior executives of Indonesian enterprises in fields such as agriculture, manufacturing, trade and services.

"I'm looking forward to the courses ... and I am likely to seek future cooperation with Chinese companies after the program," said Masbukhin Pradhana, owner of PT. Ayam Jantan Indonesia, an Indonesian restaurant.