21.10.2010 - Chinese PE fund for ASEAN under way
From Peopledaily.com.cn: China's private equity (PE) fund of $10 billion for Southeast Asian countries has completed its first round of fundraising worth $1 billion and it expects its maiden project in infrastructure to take place by the end of this year. Exim Bank and the nation's sovereign-wealth fund, China Investment Bank, jointly launched in April 2009 the government-backed PE fund "The fund's preparatory work has been done and we have already started looking at a batch of projects mainly in infrastructure and joint economic projects between China and members of the Association of Southeast Asian Nations (ASEAN)," said Zhu Hongjie, vice-president of the Export-Import Bank of China (Exim Bank).............................................Full Article: Source
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