Fund to help French firms eyeing China
By Zhou Lanxu, Cheng Yu and Ma Zhiping in Boao, Hainan | China Daily | Updated: 2019-03-30 07:02
CIC teams up with banking group BNP Paribas, investment company Eurazeo
China Investment Corp has partnered with two French financial institutions to launch an investment fund, as part of the sovereign wealth fund's efforts to facilitate closer international cooperation, a top CIC executive said on Friday.
Tu Guangshao, vice-chairman and president of CIC, said the fund has teamed up with global banking group BNP Paribas and global investment company Eurazeo to launch a fund worth 1 billion euros ($1.12 billion) to 1.5 billion euros for investments in French enterprises looking to expand into the Chinese market.
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