BEIJING, May 17 (Xinhua) -- The signing ceremony of Guangxi-ASEAN "Belt and Road" Industrial Investment Fund was held in Nanning, capital city of south China’s Guangxi Zhuang Autonomous Region.
CDB Capital (CDBC), Guangxi Investment Group Co.,Ltd, UOB Venture Management and Cathay Capital Private Equity jointly signed the relevant legal documents of Guangxi-ASEAN "Belt and Road" Industrial Investment Fund.
In December 2017, CDB Capital (CDBC), a wholly-owned subsidiary of China Development Bank (CDB), inked a strategic cooperation agreement with Guangxi Investment Group, to set up Guangxi-ASEAN "Belt and Road" investment series funds with planned investment of 50 billion yuan.
The Guangxi-ASEAN "Belt and Road" Industrial Investment Fund, with an investment of 10 billion yuan, which is an important achievement of the above-mentioned cooperation agreement, will mainly invest in promising industries with competitive advantages in areas along the Belt and Road routes in Guangxi and ASEAN. (Edited by Ma Xin, maxin11@xinhua.org)
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