China Investment Corp Sets Up Joint Fund For Overseas Investments

China’s sovereign-wealth fund China Investment Corporation (CIC) has teamed up with a French public sector financial institution to jointly tap overseas investment opportunities, with a focus on real estate and infrastructure, according to an announcement.

CIC Capital, the direct investment arm of the US$810 billion-under-management state wealth manager, signed an agreement with Caisse des Dépôts International Capital, a subsidiary of State-owned Caisse des Dépôts Group, to set up a fund for cooperation while investing in third-party markets.

The joint fund will invest in projects that could create opportunities for Chinese and French investors in markets outside mainland China and France, according to an announcement yesterday from the fourth China-France High-level Economic and Financial Dialogue.

CIC is planning to invest mo...

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