Jul 06, 2022 08:19 PM

FINANCE

China’s Silk Road Fund Strikes Deal with Indonesian Sovereign Fund

What’s new: China’s state-backed Silk Road Fund (SRF) has signed a framework agreement with the Indonesia Investment Authority (INA), a sovereign wealth fund, to facilitate investment in the Southeast Asian nation, the two funds announced on Monday.

The SRF plans to invest up to 20 billion yuan ($3 billion), preferably settled in the yuan, SRF President Wang Yanzhi said in a statement.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Fire Destroys 900-Year-Old Bridge

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin China Biz Roundup: ByteDance Takes Over Private Hospital Operator in $1.5 Billion Deal

00:00

00:00/00:00

MOST POPULAR

1: In Depth: China’s Plan to Break Foreign Iron Ore Dependence — Mine More at Home

2: China Threatens ‘Strong and Resolute Countermeasures’ to Pelosi Taiwan Visit

3: Yuan Bonds Debut in Russia as Challenge to Dollar Dominance Builds

4: Hong Kong to Announce Hotel Quarantine Cut as Soon as Monday

5: Cover Story: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions

SPONSORED

OR