Jun 06, 2012 01:39 PM

China, Russia Launch Joint Investment Fund


(Beijing)–China's sovereign wealth fund is partnering with its Russian counterpart to set up a joint investment fund to channel Chinese investment into projects in Russia.

On June 5, China Investment Corp. (CIC) chairman and chief executive Lou Jiwei and Russian Direct Investment Fund chief executive Kirill Dmitriev signed a memorandum launching the Russia-China Investment Fund.

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