The People's Bank of China and the Export-Import Bank of China (Exim Bank) are to set up a fund, with initial contribution of 10 billion U.S. dollars, to promote China-Africa cooperation.
This is the third fund initiated by the central bank to make investment overseas. The State Administration of Foreign Exchange is to contribute 8 billion U.S. dollars to the fund while the Exim Bank will set aside 2 billion U.S. dollars for the fund.
Latest comments