The success of the China-CEE Cooperation Fund investment strategy to date is the reason behind an additional USD 1 billion commitment of the China Export Import Bank to be invested in the region of Central and Eastern Europe.
During the Central, Eastern Europe and China Summit, held in Belgrade, the Chairman and President of the bank, Mr. Li Ruogu, announced further allocation of USD 1 billion in addition to the first tranche of USD 500 million committed earlier this year. - We are very satisfied with the current pace and utilization of funds. Therefore, the decision of our Chairman to solidify our presence even more - said Mr. Wang Hongwei, representing the Fund. According to Mr. Wang, the new tranche will be used for investments beyond the scope of the first tranche in the following sectors: energy, telecommunications, infrastructure and highly specialized manufacturing.
Mr. Li Ruogu, the Chairman and the President of China Export Import Bank is accompanying the Chinese Prime Minister, Mr. Li Keqiang, on a state visit to Serbia. Mr. Li further stated that he hopes that the available funds will find their way to each of the 16 countries of the CEE region that fall within the scope of the Fund. Therefore, CEE Equity Partners, the advisors to the managers of the fund already expressed their readiness to welcome all the inquiries regarding the potential investment opportunities.
CEE Equity Partners Ltd
Copyright 2016 CEE Equity Partner Ltd, All rights reserved