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Wealth fund to help Chinese companies invest

Updated: 2012-05-03 08:06
By Chen Jia in Beijing and Ding Qingfen in Brussels ( China Daily)

China's sovereign wealth fund launched a mutual fund with a national investment company from Belgium to help Chinese companies boost investments in the country as well as in the European Union.

China Investment Corporation and Belgium's Federal Holding and Investment Company signed an agreement in Brussels on Wednesday launching the China-Belgium Mirror Fund.

Belgium will become a very important platform for Chinese companies to expand in all 27 member countries of the EU, said Vice-Premier Li Keqiang.

Wealth fund to help Chinese companies invest