Guangxi-ASEAN “Belt and Road” Industrial Investment Funds established

Recently, the signing ceremony of establishment of Guangxi-ASEAN “Belt and Road” Industrial Investment Funds was held in Nanning. China Development Bank Capital (CDB Capital), Guangxi Investment Group Co., Ltd., UOB Venture Management and Cathay Capital jointly signed formal legal documents for the Guangxi-ASEAN “Belt and Road” Industrial Investment Funds at the ceremony.

It is reported that the total scale of raised funds is 10 billion yuan and its first phase is 2 billion yuan. As an important part of Guangxi's gateway to ASEAN, this funds will be mainly used to invest in industries with competitive advantages and growth prospects along the routes of Guangxi-ASEAN “Belt and Road” area.

The next step for the CDB Guangxi branch is to join CDB Capital to take the advantage of comprehensive financial services in “Investment and bank credit”(“投贷联动”)with the support of CDB, contributing to the development of Guangxi with Development Finance.