Silk Road Fund
 | |
| Company type | State backed investment fund |
|---|---|
| Industry | Investment Management |
| Founded | 2014 |
| Headquarters | 2/F Tower B, Winland IFC, 7 Financial Street, Beijing |
Key people | Jin Qi (CEO) Wang Yanzhi (Executive Director and President) Yang Zejun (Chairman of the Board of Supervisors) |
| Owner | State Administration of Foreign Exchange, Export Import Bank of China, China Investment Corporation, China Development Bank |
| Website | www.silkroadfund.com.cn |
The Silk Road Fund is a state owned investment fund of the Chinese government to foster increased investment in countries along the One Belt, One Road, an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund established on December 29, 2014.[1]
Investments
US$1.65-billion investment in the Karot hydropower project and other hydropower projects in the region as part of the China-Pakistan Economic Corridor[1]
Acquisition of 9.9% of Yamal LNG project, a liquefied natural gas project in Sabetta, located north-east of the Yamal Peninsula, from Novatek[2]
References
- ^ a b "Silk Road Fund's 1st investment makes China's words into practice". Xinhua. April 21, 2015.
- ^ "China's $40b Silk Road Fund signs MoU with Russian firms". China Daily. September 3, 2015.
