China-ASEAN Investment Cooperation Fund II was Officially Established

2022-11-12

On November 11, Chinese Premier Li Keqiang announced at the 25th China-ASEAN Summit that China has officially set up the China-ASEAN Investment Cooperation Fund II (CAF II) to support major projects in infrastructure, energy resources and other sectors in the region. 

With China Eximbank as the main sponsor and an inception scale of USD1 billion, CAF II will prioritize its investment in major projects in infrastructure, energy resources, information, communications and other sectors in ASEAN countries, so as to support and facilitate China-ASEAN regional connectivity, economic and trade exchanges, as well as investment cooperation.

In establishing CAF II, China Eximbank has worked out well-designed plans, adjusted operational models and strengthened risk control for regional common development, high-level China-ASEAN economic and trade ties and high-quality Belt and Road cooperation. The Fund will also help to better leverage the Banks advantages and further enhance the good neighborliness between China and ASEAN countries.

Initiated by China Eximbank in April 2010, CAF I has fulfilled the fundraising target and delivered fruitful results with full support from all parties. In promoting all-round China-ASEAN economic cooperation, the Fund has gained greater influence in the region. China Eximbank, taking ASEAN countries as key business areas, has financed more than 200 projects in the region over the past two decades.