Countries sign memorandum over investment fund
Source: Xinhua |
June 6, 2012, Wednesday
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Print Edition
Print Edition
CHINA Investment Corporation, the country's sovereign wealth fund, yesterday signed a memorandum with Russian Direct Investment Fund over the official launch and basic principles of a US$2-4 billion China-Russia Investment Fund.
No less than 70 percent of funds will be invested in commercial projects in Russia and other Commonwealth of Independent States, while no more than 30 percent will be put into Chinese projects related to Russia.
No less than 70 percent of funds will be invested in commercial projects in Russia and other Commonwealth of Independent States, while no more than 30 percent will be put into Chinese projects related to Russia.
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