ASEAN-focused China fund seeks at least $1b for latest vehicle's first close

ASEAN-focused China fund seeks at least $1b for latest vehicle's first close

National flags and the Association of South East Asian Nations (ASEAN) logo on display ahead of the 27th ASEAN summit in Kuala Lumpur, Malaysia, November 18, 2015. REUTERS/Olivia Harris

The China-ASEAN Investment Cooperation Fund (CAF), which is backed by the Export-Import Bank of China, is in the midst of setting up its second fund and is targeting a first close at a minimum of $1 billion, said a top executive.

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