Russia-China Investment Fund

Russia-China Investment FundCompany type| Bilateral cooperation fund

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Industry| Investment Management
Founded| 2012; 13 years ago (2012)

The Russia-China Investment Fund (Russian: Российско-Китайский Инвестиционный Фонд, Chinese: 中俄投资基金), abbreviated as the RCIF (РКИФ), is a bilateral cooperation fund created by the Russian Direct Investment Fund and the China Investment Corporation to invest in opportunities linking Russia, the Commonwealth of Independent States, and China.

## Fundraising

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RCIF was established in 2012. The initial seed capital of US$2 billion was funded in equal part by the China Investment Corporation, the sovereign wealth fund of China, and the Russian Direct Investment Fund, the sovereign wealth fund of Russia. In October 2018, the RCIF became trilateral with Public Investment Fund, the sovereign wealth fund of Saudi Arabia, contributing US$500 million to the RCIF, raising total capital to US$2.5 billion.[1] The fund continues to seek contributions from new investors.[1]

## Investments

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The RCIF was founded to pursue investment opportunities in Russia, members of the Commonwealth of Independent States, and investments in China with a close connection to Russia including China–Russia border infrastructure projects and Chinese firms trading with Russia in technology and services.[2]

## Other funds

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Other China-Russia funds have been funded or implemented with the contribution of the RCIF.[citation needed]

In 2017, China Development Bank, a Chinese policy bank and the Russian Direct Investment Fund announced plans to establish a China-Russia RMB Investment Cooperation Fund. RDIF chose to implement its part of the joint fund through RCIF while CDB used its subsidiary China Development Bank Capital for implementation. The goal behind the fund was to make investments of 68 billion yuan in Russian and Chinese projects including the Belt and Road Initiative and to help simplify investments in the Chinese and Russian currencies in the other country.[3] In 2018, during Russian President Vladimir Putin's visit to Beijing, Russia-China Investment Fund (RCIF) and China Chengtong Holdings Group announced agreement to establish a US$1 billion "industrial investment fund".[4]

## References

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1. ^ a b "Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China". Reuters. October 26, 2018.
2. ^ "CIC pursuing investment opportunities in Russia". Xinhua. June 1, 2012.
3. ^ Cai, Xiao (July 5, 2017). "China, Russia set up RMB investment fund". China Daily.
4. ^ "Russia and China to form $1 bln industrial investment fund". Reuters. June 8, 2018.

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Belt and Road Initiative

Corridors and projects
(2019 Joint Communique)

| Asia|

* China-Pakistan Economic Corridor
* Trans-Himalayan Network/China–Nepal Railway
* China-Myanmar Economic Corridor
* Eastern Economic Corridor (Thailand)
* Two Corridors, One Belt (Vietnam)
* Economic corridor in Greater Mekong Subregion
* China-Indochina Peninsula Economic Corridor/Laos-China Economic Corridor
* China-Laos-Thailand Railway Cooperation
* New International Land-Sea Trade Corridor
* China-Malaysia Qinzhou Industrial Park
* Malaysia-China Kuantan Industrial Park
* Brunei-Guangxi Economic Corridor
* China–Central Asia–West Asia Economic Corridor
* Uzbekistan-Tajikistan-China International Highway
* China-Kyrgyzstan-Uzbekistan International Highway

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Eurasia|

* New Eurasian Land Bridge
* Port of Piraeus
* China-Europe Land-Sea Express Line
* Baku–Tbilisi–Kars railway/Alyat Free Economic Zone
* Trans-European Transport Network
* TRACECA/TITR
* China–Belarus Industrial Park
* China–Mongolia–Russia Economic Corridor
* International North–South Transport Corridor

Africa|

* Suez Canal Economic Zone
* Cape to Cairo Road
* Port Sudan-Ethiopia Railway
* Addis Ababa-Djibouti Economic Corridor
* Northern Corridor
* LAPSSET
* VICMED

Americas|

* Agua Negra Pass International Tunnel

Theme|

* Transoceanic fiber optic cable
* Polar Silk Road
* Air Silk Road
* Space Silk Road
* Digital Silk Road
* Global Energy Interconnection
* Bangladesh, China, India and Myanmar Economic Corridor

Related Projects
(not under 2019 Joint Communique)|

* Hulhumalé
* Sino-Oman Industrial Park
* China-UAE Industrial Zone
* Port of Haifa
* Lekki Free Trade Zone

Financial

| Concepts|

* Internationalization of the renminbi
* Panda bonds
* Green finance

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Banking|

| Policy|

* Agricultural Development Bank of China
* China Development Bank
* China Exim Bank
* Sinosure
* Sino Guarantee

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Multilateral|

* Asian Infrastructure Investment Bank
* New Development Bank
* SCO Interbank Consortium

Platforms|

| Funds|

* Silk Road Fund
* Green Silk Road Fund
* China-Eurasian Economic Cooperation Fund
* China-ASEAN Investment Cooperation Fund
* Russia-China Investment Fund
* China-CEE Investment Cooperation Fund
* China-LAC Cooperation Fund
* Sino-Latin American Production Capacity Cooperation Investment Fund
* China-Brazil Fund
* China Africa Development Fund

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Credit lines|

* Special Loan Program for China-Latin America Infrastructure Project
* China-Arab states special loans

Political

| Policy|

* Leading Group
* Community of shared future for mankind

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Dialogue|

| Belt and Road Forum|

* 2017
* 2019
* 2023

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Multilateral mechanisms
(2019 Leading Group report)

* G20
* APEC
* Shanghai Cooperation Organisation
* Asia-Europe Meeting
* Asia Cooperation Dialogue
* Caribbean Development Bank
* Conference on Interaction and Confidence-Building Measures in Asia
* ASEAN-China (10+1)
* Lancang-Mekong Cooperation Mechanism
* Greater Mekong Subregion Economic Cooperation
* Greater Tumen Initiative
* Central Asia Regional Economic Cooperation
* Forum on China-Africa Cooperation
* China-Arab States Cooperation Forum
* China-CELAC Forum
* China-CEEC (14+1)
* China-Pacific Island Countries Forum
* World Economic Forum
* Boao Forum for Asia

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