Russia-China Investment Fund, Tus-Holdings to create Russian-Chinese venture fund with target size of up to $100 mln

TASS, 07.11.2016

Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings agreed to establish a joint Russia-China Venture Fund (RCVF), according to RCIF press release published on Monday.

The agreement was signed on Monday during the session of the Russia-China Business Advisory Committee.

The Russia-China Venture Fund target size will total up to $100 mln and could be increased later. RCIF and Tus-Holdings will act as anchor investors, other Russian and Chinese institutional investors are likely to participate.