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2015-10-28T02:29:43Z

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The '''Silk Road Fund''' ('''丝路基金''') is a state-owned fund to provide investment and financing support to infrastructure, resources, industrial cooperation and other projects in countries along the "[[Belt and Road]]," an economic development initiative proposed by [[China]] in 2013 for improved cooperation with countries in a vast part of Asia, Europe and Africa.primarily covering Eurasia.

Founded in 2014, the fund was jointly backed by China's foreign exchange reserves, the China Investment Corp., the Export-Import Bank of China and China Development Bank ([[CDB]]), with an initial $40 billion in funds pledged by the Chinese government for its creation. The fund is open to active participation by investors from both within and outside of Asia.

In the first phase, the investment fund raised 10 billion U.S. dollars, with foreign exchange reserves taking up 65 percent, CDB 5 percent and the other two companies each investing 15 percent.

The fund signed its first investment deal in April 2015, committing to the construction of a $1.65 billion Karot hydropower plant along the China-Pakistan Economic Corridor. The project, carried out by the China Three Gorges Corporation, is expected to be completed by 2020.

The Silk Road Fund is set to invest $100 million in China International Capital Corp's initial public offering in [[Hong Kong]]. It is the first time that the Silk Road Fund invested in an initial public offering.

[[Category:Funds]]
[[Category:Economy]]
[[Category:Organizations]]

Silk Road Fund - Revision history

imported>Ciic: Created page with '280px The '''Silk Road Fund''' ('''丝路基金''') is a state-owned fund to provide investment and financing support to infrastructure, reso...'