CIC will set up China Japan, China France and other funds

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      Peng Chun, chairman of China Investment Co., Ltd., China's sovereign wealth fund, said Sunday that he would promote investment in new multi bilateral funds. This year, China Japan, China France and other funds will be set up to build a new platform for bilateral investment with more countries and better adapt to the new changes in the international investment and regulatory environment.
Peng Chun said at the Bund financial summit that CIC and Goldman Sachs have established a Sino US manufacturing cooperation fund, which has achieved good results. He hopes to build a dynamic cross-border investment ecosystem and improve the efficiency of cross-border investment cooperation through the new bilateral fund plus CIC forum.
"In recent years, with the rise of protectionism and unilateralism, international investment is facing new risks and challenges," Peng pointed out, including the more volatile macroeconomic situation; the increasing fragmentation of international investment rules; and the tightening of investment review by developed countries.


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