25 May 2019

Beijing financial chamber mulls infrastructure fund, paper says

Beijing’s new financial services chamber will seek to establish an infrastructure investment fund worth dozens of billions of yuan, the China Securities Journal reported Friday, citing an unnamed official at the capital city’s financial bureau. The municipal government expects to utilize the chamber, which was launched on Thursday, to draw in private investment for infrastructure and major projects in the city, the report said. The chamber’s initial members are China Development Bank, China Construction Bank Corp. (CCB, 00939.HK, 601939.CN) and 18 other institutions, according to the report.

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