New reports are suggesting the 40-billion-US dollar Silk Road infrastructure investment is set for an impending launch.
An exact date for its launch hasn't been revealed.
The long-term investment fund is part of the government’s "One Belt, One Road" initiative.
The new fund is being partially financed by China's foreign exchange reserves, the China Investment Corporation, the Export-Import Bank of China and the China Development Bank.
Jin Qi is the head of board of directors of the fund. "The Silk Road Fund is not an aid fund or a donation fund. We will stick to market principles, invest in profitable projects, ensure reasonable returns for our long-term investments, and safeguard shareholders' interests."
The new fund is designed for investment in areas such as infrastructure, resource development, and industrial and financial cooperation through various financing methods.
It's specifically targeting investment in countries in Central and South Asia.
