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.

China Minsheng Investment Group established the program in partnership with Tsinghua University and the Indonesian Chamber of Commerce and Industry, to enhance commercial communication between the two sides.

The students will spend 10 days deepening their understanding of business and culture in China, and networking with Chinese entrepreneurs.

"China Minsheng Investment thinks highly of the market in Indonesia, and hopes that Chinese enterprises, when investing in Indonesia, can bring substantial socioeconomic benefits to the local community, and that these endeavors will prove mutually beneficial," said China Minsheng Investment Group President Li Huaizhen.

Li hoped that the students could gain more knowledge of the Chinese market, and the strategy of the Belt and Road Initiative from the program. The firm is ready to contribute to enhancing communication and business cooperation between the two countries.

"This is a great opportunity for Indonesian entrepreneurs to learn about China, as the world's second-largest economy is deeply involved in globalization," said Suryo B. Sulisto, chairman of the Honorary Council of the Indonesian Chamber of Commerce and Industry.

Liao Feng, CEO of CM International Holding Pte Ltd, said that as a leading international financial institution, it has teamed up with more than 20 leading private companies to establish an industrial park in Indonesia, and several projects are in the pipeline.

The park aims to build a platform for Chinese private enterprises to integrate their industrial and financial capital and enter the global market.

Jing Shuiyu contributed to this story.