World Bank encourages Haier Financial Service’s investment in rural China
In March 2022, the International Finance Corporation (IFC) of the World Bank invested $100.0 million in Haier Financial Services China Co. Ltd. Through a social bond, the IFC enables Haier to increase investments in rural China’s healthcare, education, small and medium enterprise, agriculture and manufacturing infrastructure. The Haier Group Corporation owns 66% of Haier Financial Services. This investment grows Haier’s financial and ESG segments in China while improving international partnerships.
Balance Sheet|New Activity|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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