RDIF’s Russia-China Fund, Partners Set up 1.5b Yuan Fund

Bloomberg, 08.06.2018

By Alexei Anishchuk

(Bloomberg) — Russia-China Investment Fund, established by Russian Direct Investment Fund, China Investment Corporation, Suiyong Capital and Dazheng Investment Group agree to establish joint fund to support projects in both countries, Russian investment authority says in statement.

* Partners plan to raise fund’s holdings to 5b yuan

* Russia-China Investment Fund, Middle Eastern investors announce intention to acquire minority stake in Sovcombank

** Acquisition agreement sees possibility of initial public offering of lender in 3 years