SE Asia-focused China fund plans raising up to $3b for Silk Road projects

SE Asia-focused China fund plans raising up to $3b for Silk Road projects

The skyline of Beijing, China. Photo: Pixabay

A quasi-sovereign Chinese fund focused on Southeast Asia is targeting raising up to $3 billion in a new dollar fund, adding to its firepower for planned investments under Beijing’s “Belt and Road” initiative, people close to the matter said.

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