On the occasion of the 16+1 Summit (China-Central and Estearn European Countries) in Riga, November 2016, the China – Central and Eastearn European investment Fund was launched – a private equity fund meant to support investment projects implemented through the 16+1 Cooperation Format.
Industrial and Commercial Bank of China (ICBC) Financial Group was designated by the Chinese Government to launch consultations with potential partners, for the establishment and operationalisation of the fund. Thus, under the coordination of Sino-Central Eastern Europe Financial Holding Corporation (CEEFC), member of ICBC, consultations, strategic lines and ways of operation of the Fund have been established. CEFC, together wth ECE partners and other Anchor Investors will contribute to the initial capital with EUR 1 bln., as Limited Partners. Other premium institutional investors are expected to contribute with EUR 9 bln., following a fund raising campaign.