| Company type | Bilateral investment cooperation fund |
|---|---|
| Industry | Investment Management |
| Founded | 2017 |
| Owner | Chinese government and Brazil government |
The China-Brazil Fund is a bilateral investment cooperation fund established by the Chinese and Brazilian governments to funnel Chinese infrastructure and industrial investment into Brazil. The fund is seen as mutually beneficial as infrastructure has lagged in Brazil while China purchases Brazilian grain that is transported to port before shipment to China.[1]
Fundraising
The fund was jointly established by the Ministry of Planning, Budget and Management and Sino-Latin American Production Capacity Cooperation Investment Fund (Claifund). The initial contribution for the fund was US$20 billion with US$15 billion from the Claifund and US$5 billion from the Brazilian Development Bank and Caixa Econômica Federal.[2][3]
Investments
The fund is focused on infrastructure development according to remarks in 2017 by then Chinese Vice Premier Wang Yang.[4] The fund is expected to invest heavily in Brazilian railways.[1] The Brazilian Ministry of Planning, Development and Management announced five projects, four in infrastructure and one in industry, were to be funded in May 2018.[3][5]
References
- ^ a b "Brazil, China open $20 billion fund for infrastructure, tech projects". No. June 27, 2017. Archived from the original on November 3, 2019. Retrieved November 3, 2019.
- ^ "China, Brazil Set Up USD20 Billion Production Capacity Cooperation Fund". Yicai Global. June 1, 2017. Archived from the original on November 3, 2019. Retrieved November 3, 2019.
- ^ a b "Brazil-China Cooperation Fund selects five projects for analysis". Macau Hub. May 10, 2018. Archived from the original on August 10, 2018. Retrieved November 3, 2019.
- ^ "China incentiva que empresas invistam no Brasil". Embaixada da República Popular da China no Brasíl. Archived from the original on 2019-11-03. Retrieved 2019-11-03.
- ^ "Brazil-China Cooperation Fund selects five projects for analysis – Macauhub". 2018-08-10. Archived from the original on 2018-08-10. Retrieved 2022-08-08.
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This page was last edited on 9 April 2024, at 07:15