China Investment Corporation, China Exim Bank launch $1 billion infra fund
China's sovereign wealth fund the China Investment Corporation (CIC) is to partner in a $1 billion regional infrastructure and energy fund, alongside Export-Import Bank of China (China Exim Bank), in the wake of increasing demand for secure energy supplies in China.
The fund will allocate its capital into infrastructure projects in Southeast Asian and new energy projects. In the infra fund, both parties will inject $300 million respectively, according to Zhu Xinqiang,...
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