Silk Road Fund to start investment soon
The board of directors and the senior management team have been formed inChina's $40 billion Silk Road Fund, which will start investment soon, its chair Jin Qi saidThursday.
The fund is not an aid agency, said Jin, who expects market-oriented principles in operation andreasonable returns for shareholders, including China Investment Corp, the Export-Import Bank ofChina and the China Development Bank.
The fund will comply with market rules and the international order of finance, welcomingparticipation by domestic and overseas investors, such as the China-Africa Development Fundand the Asian Infrastructure Investment Bank, Jin said.
The fund is a limited liability company, according to a February statement by China's centralbank.
The fund will invest mainly in infrastructure and resources, as well as industrial and financialcooperation, in an effort to achieve common development and prosperity, Jin said at a pressconference on the sidelines of China's annual parliamentary session.
The fund is designed to finance the China-proposed Belt and Road initiatives, which refers to theSilk Road Economic Belt and the 21st Century Maritime Silk Road in a bid to improvecooperation with countries in a vast part of Asia, Europe and Africa.
"The priority (of the Silk Road Fund Co Ltd) is to seek investment opportunities and providemonetary services throughout the Belt and Road initiatives," according to the Februarystatement.
Along the route of the Silk Road, China and Russia are exploring novel financial cooperation,Zhou Xiaochuan, governor of the central bank, said at the same press conference.
China and Russia are huge neighboring economies, with large amount of money in their tradeand investment, Zhou said.
Our products including Igniter series; Sparker and Electronic controller series; Gas valve/Gas regulator series; Ignition electrode (Spark plug) series;Thermocouple series; ODS and Pilot burner series;Fan series; Gas boiler SKD series; Exhaust pipe series; Water flow sensor series; Other connector parts series; Electronic component series; Temperature and pressure gauge series; Mould for gas home appliance ; IMD Injection Mould Decoration.
-f.jpg "Ceramic Electrode (Spark Plug)")
