CMIG to create $15b One Belt One Road fund
China Minsheng Investment Group (CMIG), the largest privately-held investment group in China, has initiated a new fund that could raise up to $15 billion for investment in overseas projects under the government-backed "One Belt One Road" initiative.
The Asian Institutional Investor Joint Overseas Investment Fund, which will be managed out of Hong Kong, has a target of $10-15 billion, according to a statement. It has also brought in an assortment...
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