China has become a major source of cross-border investments over the past decade; with Outbound Direct Investment (“ODI”) overtaking Foreign Direct Investment totaling US$163 billion in 2022; accounting for around 11% of global outflows of capital and ranking second globally. Chinese companies seek overseas expansion for organic growth of existing business and for diversification. They invest in emerging markets through various regional connectivity programs like the Belt and Road Initiative. Private capital is increasingly driving these investments. IFC MAS team in Asia has invested in projects under the China South-South investment theme over the past years and has accumulated knowledge; experience; and clients. Built on the success of the past while aiming higher; the team is ready to do more to keep supporting Chinese companies for its global expansion. On the other hand; the evolution of global geopolitical and financial environment brings new challenges; uncertainties; and complications to such investments for IFC and its clients; which requires a more systematic and strategic approach. Against the backdrop of the above; the China South-South Initiative and a working group was set up in IFC MAS Asia with dedicated team and internal resources to implement the strategy. The China South-South working group is led by IFC MAS Asia management team and comprised of experienced team members based in Beijing; Hong Kong; and Singapore. It targets to work with external partners to development new client relationships and investment mandates related to China South-South investments with special focus on (i) green manufacturing; (ii) food security; (iii) resilient healthcare; and (iv) circular economy (“Priority Sectors”). IFC is looking to select a consulting firm (the “Firm”) with experience in conducting research and advising on China South-South investment activities to carry out the assignment. The objective of this assignment is to achieve following deliverables within 6 months implemented through 2 phases.