Russia-China Investment Fund
In this article we will explore the fascinating world of Russia-China Investment Fund, a topic that has captured the attention of many people over the years. Russia-China Investment Fund has been the subject of debate, research and inspiration, and has left an indelible mark on society. From its origins to its relevance today, Russia-China Investment Fund has generated endless discussions and sparked passionate interest in those seeking to understand its meaning and impact on the world around us. Through this article, we will try to shed light on Russia-China Investment Fund and explore the various facets that make it so intriguing and relevant in the current context.
| Company type | Bilateral cooperation fund |
|---|---|
| Industry | Investment Management |
| Founded | 2012 |
The Russia-China Investment Fund (Russian: Российско-Китайский Инвестиционный Фонд, Chinese: 中俄投资基金), abbreviated as the RCIF (РКИФ), is a bilateral cooperation fund created by the Russian Direct Investment Fund and the China Investment Corporation to invest in opportunities linking Russia, the Commonwealth of Independent States, and China.
Fundraising
RCIF was established in 2012. The initial seed capital of US$2 billion was funded in equal part by the China Investment Corporation, the sovereign wealth fund of China, and the Russian Direct Investment Fund, the sovereign wealth fund of Russia. In October 2018, the RCIF became trilateral with Public Investment Fund, the sovereign wealth fund of Saudi Arabia, contributing US$500 million to the RCIF, raising total capital to US$2.5 billion. The fund continues to seek contributions from new investors.
Investments
The RCIF was founded to pursue investment opportunities in Russia, members of the Commonwealth of Independent States, and investments in China with a close connection to Russia including China–Russia border infrastructure projects and Chinese firms trading with Russia in technology and services.
Other funds
Other China-Russia funds have been funded or implemented with the contribution of the RCIF.[citation needed]
In 2017, China Development Bank, a Chinese policy bank and the Russian Direct Investment Fund announced plans to establish a China-Russia RMB Investment Cooperation Fund. RDIF chose to implement its part of the joint fund through RCIF while CDB used its subsidiary China Development Bank Capital for implementation. The goal behind the fund was to make investments of 68 billion yuan in Russian and Chinese projects including the Belt and Road Initiative and to help simplify investments in the Chinese and Russian currencies in the other country. In 2018, during Russian President Vladimir Putin's visit to Beijing, Russia-China Investment Fund (RCIF) and China Chengtong Holdings Group announced agreement to establish a US$1 billion "industrial investment fund".
References
- ^ a b "Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China". Reuters. October 26, 2018.
- ^ "CIC pursuing investment opportunities in Russia". Xinhua. June 1, 2012.
- ^ Cai, Xiao (July 5, 2017). "China, Russia set up RMB investment fund". China Daily.
- ^ "Russia and China to form $1 bln industrial investment fund". Reuters. June 8, 2018.
