Russia-China investment fund to announce new investments in next 2 weeks – RDIF

Interfax, 09.09.2014

MOSCOW/BEIJING. Sept 9 (Interfax) - The Russia-China Investment Fund (RCIF), which was created in 2012 by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), is continuing to finance profitable projects in key sectors of the economy and will announce a number of new investments in the next two weeks, RDIF said in a press release.

The press release also said that RDIF head Kirill Dmitriev participated in the first session of a Russian-Chinese intergovernmental commission on investment issues in Beijing. Following the session, Dmitriev was appointed chairman of the Russian part of the entrepreneurs' commission's advisory committee. From the Chinese side, Chairman and CEO of CIC Ding Xuedong received this post.

The sides emphasized the need to continuously improve the investment climate in the two countries and to encourage Russian and Chinese enterprises towards closer investment cooperation, the RDIF said.

The importance stimulating investment cooperation between Russia and China was noted due to the strengthening of cooperation in a number of sectors such as transport infrastructure, agriculture, ore mining, aluminum, forestry, the chemical and petrochemical industries, the production of cars and equipment, construction, light industry, information technologies and telecommunications and the production of innovative products.