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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment, Market

China Exim Bank signs MOU with CIC, IFC on US$10 bln Asean fund

Posted on 08 January 2010

From WSJ: Export-Import Bank of China has signed a memorandum of understanding with several institutions, including China Investment Corp., to jointly launch a fund aimed at boosting trade and economic ties between China and the Association of Southeast Asian Nations, an official at China’s Ministry of Commerce said Friday.

The fund, in which International Finance Corp., the investment arm of the World Bank, will also invest, aims eventually to raise US$10 billion. It will have initial investment of $1 billion, the official, who declined to be named, told Dow Jones Newswires…………………………………….Full Article: Source


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