China's CIC launches over $1b fund with BNP Paribas, Eurazeo

China's CIC launches over $1b fund with BNP Paribas, Eurazeo

A BNP Paribas SA logo sits on a sign outside a BNP Paribas bank branch in Paris, France, on Tuesday, July 18, 2017. Photographer: Christophe Morin/Bloomberg

China’s sovereign wealth fund China Investment Corporation (CIC) has partnered with French asset management company BNP Paribas and Paris-listed Eurazeo to launch a €1-1.5 billion ($1.12-1.68 billion) fund to back European companies seeking to expand in China.

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