Type | Multilateral investment cooperation fund |
---|---|
Industry | Investment Management |
Founded | 2012 (first stage) 2017 (Fund II) |
Website | http://china-ceefund.com/ |
The China-Central and Eastern Europe Investment Cooperation Fund (China-CEE Fund) is the investment component of the Cooperation between China and Central and Eastern European Countries framework, a diplomatic initiative to enhance cooperation between China and Central and Eastern European Countries, a region in China's Belt and Road Initiative. The initial China-CEE Fund was established in 2013. Building on the success of the first fund, a second one was created in 2017.
The Sino-CEEF Holding is another investment cooperation fund created out of the same framework. While the China-CEE Fund is supported by the Export Import Bank of China, a policy bank, the Sino-CEEF Fund is backed by seed money from ICBC, a Chinese commercial bank. [1]
The first stage of the China-CEE Fund was announced in 2012 with a scale of US$500 million by then Chinese Prime Minister Wen Jiabao as part of "Twelve Measures for Promoting Friendly Cooperation with Central and Eastern European Countries". [2]
The groundwork was laid in November 2017 for Fund II during the China-CEE Summit in Budapest. Chinese Prime Minister Li Keqiang announced additional funding for the second phase of the fund. Other investors joined and contributed to Fund II and in April 2018 the total raised was US$800 million. The investors were Export Import Bank of China, Magyar Eximbank, Silk Road Fund and CEE Equity Partners. [3] Fund II's investor adviser is CEE Equity Partners.
The Visegrád Group is a cultural and political alliance of four Central European countries: the Czech Republic, Hungary, Poland, and Slovakia. The alliance aims to advance co-operation in military, economic, cultural and energy affairs, and to further their integration with the EU. All four states are also members of the European Union (EU), the North Atlantic Treaty Organization (NATO), and the Bucharest Nine (B9).
The European Investment Bank (EIB) is the European Union's development bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
Relations between the European Union (EU) and the People's Republic of China (PRC) or Sino–European relations are bilateral relations that were established in 1975 between the PRC and the European Community. The EU is the PRC's largest trading partner, and the PRC is the EU's largest trade partner.
Budapest Stock Exchange(BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the 2nd largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The exchange is controlled by listed issuers, by Hungarian private investors and by the central bank. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.
Robeco is an originally Dutch asset management firm, since 2013 part of Orix, founded in 1929 as the Rotterdamsch Beleggings Consortium. As of 2014, the company had €246 billion of assets under management. It was acquired in 2001 by the Rabobank Groep and sold in 2013 to ORIX Corporation.
MidEuropa is an independent private equity player in Central and Eastern Europe focused on Central and Eastern Europe with approximately €5.3 billion of assets under management.
Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors.
SinoLatin Capital is a Shanghai-based-merchant bank specializing in private equity and research focused exclusively on cross border transactions between China and Latin America. The firm also provides advisory services related to mergers and acquisitions, corporate restructurings and financings. Additionally, the firm manages a pool capital for private equity investments.
People's Republic of China – Zambia relations refers to the current and historical relationship between the People's Republic of China (PRC) and Zambia.
The China-Africa Development Fund, more commonly known as CAD Fund, is a Chinese private equity fund solely funded by China Development Bank, a Chinese government policy bank. The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural resources, manufacturing, and other sectors.
The Russian Direct Investment Fund is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world’s largest institutional investors, direct investment funds, sovereign wealth funds and leading companies.
The China-ASEAN Investment Cooperation Fund, also knowns as the China Asean Fund or CAF, is a USD-denominated offshore multilateral cooperation fund majority owned by financial institutions of the Government of the People's Republic of China. It invests throughout Southeast Asia, which the fund defines as including China.
Since the late-2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the Renminbi (RMB). RMB internationalization accelerated in 2009 when China established the dim sum bond market and expanded Cross-Border Trade RMB Settlement Pilot Project, which helps establish pools of offshore RMB liquidity. The RMB was the 8th-most-traded currency in the world in 2013 and the 7th-most-traded in early 2014. By the end of 2014, RMB ranked 5th as the most traded currency, according to SWIFT's report, at 2.2% of SWIFT payment behind JPY (2.7%), GBP (7.9%), EUR (28.3%) and USD (44.6%). In February 2015, RMB became the second most used currency for trade and services, and reached the ninth position in forex trading. The RMB Qualified Foreign Institutional Investor (RQFII) quotas were also extended to five other countries — the UK, Singapore, France, Korea, Germany, and Canada, each with the quotas of ¥80 billion except Canada and Singapore (¥50bn). Previously, only Hong Kong was allowed, with a ¥270 billion quota.
Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is a commercial development in Shenzhen, Guangdong that is also known as Qianhai New District. Located in Nanshan District and encircled by the Shuangjie River, Yueliangwan Boulevard, Mawan Boulevard and Qianhai Bay, Qianhai covers an area of approximately 15 square kilometres (5.8 sq mi), comprising almost entirely reclaimed land. The project is expected to be completed by 2020.
Argentina has strong cultural and historical links to the European Union (EU) and the EU is Argentina's biggest investor.
The Three Seas Initiative, known also as the Baltic, Adriatic, Black Sea (BABS) Initiative or simply as the Three Seas, is a forum of twelve states, in the European Union, running along a north–south axis from the Baltic Sea to the Adriatic and Black Seas in Central and Eastern Europe. The Initiative aims to create a regional dialogue on questions affecting the member states.
Benban Solar Park is a photovoltaic power station with a total capacity of 1650 MW nominal power which corresponds to an annual production of approximately 3.8 TWh. It is located in Benban in the western desert, approximately 650 km south of Cairo and 40 km northwest of Aswan. Benban is currently the 4th largest solar power plant in the world.
Cooperation between China and Central and Eastern European Countries is an initiative by the Chinese Ministry of Foreign Affairs to promote business and investment relations between China and 14 countries of Central and Eastern Europe : Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Greece, Hungary, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Slovenia.
Green finance is officially promoted as an important feature of the Belt and Road Initiative, China's signature global economic development initiative. The official vision for the BRI calls for an environmentally friendly "Green Belt and Road".