Sino-French fund to focus on investing in markets worldwide

China and France agreed to set up a joint fund by November to channel capital into investment projects in markets other than the two nations, part of around 40 agreements reached at a high-level dialogue that ended on Friday.

The fund will be dedicated to identifying and implementing new projects globally across different sectors, with a special focus on infrastructure, renewable energies, healthcare, clean transportation and the environment, according to a circular issued after the third Sino-French High Level Economic and Financial Dialogue, which was held in Beijing.

Premier Li Keqiang, while meeting with the French delegation on Friday, said the fund is a breakthrough that will bring more openness and market vitality.