Kazakhstan and China agreed to set up an investment fund with pre-capitalization of $ 500 million

Almaty. December 15. Silkroadnews - JSC "NMH "Baiterek" and the Export-Import Bank of China signed a memorandum on the establishment of the Kazakh-Chinese investment fund with pre-capitalization of $500 million, KazTAG.
"The participants of the Kazakh-Chinese investment fund is a Sino-Eurasian Economic Cooperation Fund (50%) and JSC "National Holding "Baiterek" (50%). Pre-capitalization fund - $500 million",- said in a statement on Monday.
As explained, the Fund intends to invest in such areas of Kazakhstan's economy as infrastructure, mining and manufacturing industries, energy, logistics, agriculture, information technology and so on.
The document was signed on December 14 during the visit of Premier Li Keqiang in Kazakhstan. Memorandum was signed by the chairman of the Board of JSC "National Holding "Baiterek" Kuandik Bishimbayev and vice president of Export-Import Bank of China Yuan Sinyon.