China moves to guide development of outbound investment funds

Updated 2018-04-12 10:10:08 Xinhua

China's state economic planner released a document Wednesday to guide the development of outbound investment and financing funds, eyeing more capital for the Belt and Road Initiative and better cooperation with global lenders.

The funds will be encouraged to direct investment into industrial cooperation, according to the National Development and Reform Commission (NDRC).

The document said the funds should help ensure "stable, sustainable and safe capital sources" for the Belt and Road.

Chinese outbound investment funds will be supported to expand collaboration with global financial institutions, including the World Bank, the Asian Infrastructure Investment Bank, and the New Development Bank.

China will support those funds to expand business, such as overseas equity investment, debt financing, and cross-border guarantee.

Financing channels of those funds will be broadened, the document said, allowing fund-raising from all types of private capital, including sovereign wealth funds.

Regulators including the NDRC and the central bank will step up supervision and channel more energy into risk control to ensure healthy development of the funds.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 21 2019 04:12:12

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 21 2019 04:12:12

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 21 2019 04:12:12

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords