09:16 GMT +318 October 2019
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    Russian, Chinese Investment Funds Set Up Joint Fund Worth $500Mln

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    The Russian Direct Investment Fund (RDIF) and China's Inventis Investment Holdings signed a deal establishing a joint fund worth $500 million.

    VLADIVOSTOK (Sputnik) — The deal, signed by the entities' CEOs Kirill Dmitriev and Kwek Ping Yong on the sidelines of the Eastern Economic Forum, stipulates that the joint fund will invest in agriculture, transport, retail and tourism projects.

    "This partnership will open opportunities for cooperation with a large number of the Inventis fund's portfolio companies. We will actively invest in cooperation with the fund and attract its portfolio companies for investments in Russia," Dmitriev said after signing.

    The EEF kicked off earlier in the day on Russky Island off Russia's eastern city of Vladivostok. The forum, which is due to run through Saturday, is expected to attract some 2,500 participants, from countries including China, Japan, South Korea, India, Vietnam, Australia, the United States and Singapore.

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    investment cooperation, China, Russia
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