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New $20 Billion Private Fund Launched To Help Launch New Silk Road

Jan. 26, 2015 (EIRNS)—A group of private Chinese investors meeting on Jan. 25 launched an Energy Development Fund to create additional funding for the construction of the Silk Road Economic Belt project of President Xi Jinping.

China Energy Fund Committee (CEFC), a Hong Kong-based high-end strategic think tank engaged in global energy cooperation, held a preparatory meeting in Beijing on Sunday to call for the establishment of the new fund which would focus on investing in energy infrastructure construction in countries along the routes of "One Belt, One Road."

The fund will invite government funds and private investors to participate with the intent of building a capital of $20 billion, which will complement the $40 billion in the Silk Road Fund set up by the Chinese government.