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词条 China-ASEAN Investment Cooperation Fund
释义

  1. Investments

     Philippines 

  2. References

  3. External links

{{Infobox company
| name = China-ASEAN Investment Cooperation Fund (CAF)
| logo =
| caption =
| trading_name =
| native_name = 中国-东盟投资合作基金
| native_name_lang = ch
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| industry = Private equity
| genre =
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| foundation = 2010
| founder =
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| location_city =
| location_country =
| locations =
| area_served = ASEAN and China
| key_people = Li Wen, Chief Executive Officer; Song Siyuan, Chief Operating Officer
| products =
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| homepage = http://www.china-asean-fund.com
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}}

The China-ASEAN Investment Cooperation Fund, also knowns as the China Asean Fund or CAF, is a USD-denominated offshore quasi-sovereign private equity fund that is under the direction of the Government of the People's Republic of China and that invests throughout Southeast Asia, which the fund defines as including China.[1][2] It was started by China's sovereign wealth fund.[3][4] The establishment of the fund was announced in 2009 by Chinese Premier Wen Jiabao and it began operations in 2010.[5] Chinese Vice President Xi Jinping sees the fund as a way for the Chinese government to provide financial support to ASEAN.[6] China hopes to gain influence in ASEAN through the fund.[7]

The fund, which is sponsored by the Export-Import Bank of China, among other institutional investors, became the first Southeast Asia-focused private equity fund approved by China’s State Council and the National Development and Reform Commission.[8] The Export-Import Bank of China is the "anchor sponsor" with a "seed investment" of US$300 million.[8] Three other Chinese institutions were "cornerstone investors", investing a combined US$500 million.[8] The sovereign wealth fund, the China Investment Corporation, " jointly founded" the fund along with the Export-Import Bank, according to the China Economic Review, quoting the Wall Street Journal.[9] The International Finance Corporation of the World Bank invested US$100 million and became another "cornerstone investor."[8] The Export-Import Bank owns 52% of the management company while the China Investment Corporation owns 24%.[9]

Chinese Vice President Xi Jinping spoke of the goals for the fund in a speech to the ninth China-Asean Expo saying, "What is more, China has provided financial support to ASEAN to the best of its abilities by setting up the China-ASEAN Investment Cooperation Fund and making concessional loans, facilitating economic development in ASEAN countries."[10]

The Fund hopes to raise US$10 billion to invest in ASEAN countries.[8][11] It has raised US$1 billion, of which US$400 million was invested in four companies in Cambodia, Laos, the Philippines and Thailand.[12]

The Fund is part of the Chinese strategy to deepen cooperation between China and ASEAN, Chinese Premiere Li Keqiang reiterated on September 9. 2013.[13] In the speech, the premiere said, "China will activate a new round of special loans, make good use of the China-ASEAN Investment Cooperation Fund, and actively explore with other parties the creation of a financing platform for infrastructure development in Asia to fund major projects."[14]

Investments

The fund targets investment opportunities in infrastructure, energy and natural resources in the ASEAN countries.

Philippines

Its maiden investment was in the Philippines when it helped Negros Navigation buy out Aboitiz Transport Services owners of SuperFerry.[15] Through an equity infusion, it took control of the former Negros Navigation and purchased the Aboitiz Transport System for US$105 million.[16] The Aboitiz Transport System had been formed by first the break up of WG&A SuperFerry into SuperFerry and Carlos A. Gothong Lines and then the merging of SuperFerry with Cebu Ferries and SuperCat fast ferries into the Aboitiz Transport System.[16] Negros Navigation was subsequently rebranded the 2GO Group and is the Philippines largest ferry and domestic freight company.[17]

References

1. ^{{cite news|title=Chinese firm to become top Philippine ferry operator |url=http://www.abs-cbnnews.com/business/12/01/10/aboitiz-oks-sale-shipping-unit-negros-navigation |accessdate=3 February 2013 |newspaper=ABS-CBN News |date=December 5, 2010 }}
2. ^{{cite news|title=Yingru Li Leaves China Investment Corp|url=http://www.pehub.com/74916/yingru-li-leaves-china-investment-corp/|accessdate=4 February 2013|newspaper=PEHub|date=June 21, 2010}}
3. ^{{cite news|title=CIC, ExIm Seed Asia-Focused Fund|url=https://www.wsj.com/articles/SB10001424052748704652104575493434005392238|accessdate=4 February 2013|newspaper=Wall Street Journal|date=September 15, 2010}}
4. ^{{cite news|last=Xinhua News Agency|title=China-ASEAN Fund to kick off soon|url=http://news.xinhuanet.com/english/2009-10/21/content_12289216.htm|accessdate=2 September 2013|newspaper=China View|date=2009-10-21|quote=As the first China-ASEAN fund under government direction and operates in accordance with market rules, the Fund will...}}
5. ^{{cite web|title=About|url=http://www.china-asean-fund.com/about-caf.php?slider1=1|publisher=China-ASEAN Investment Cooperation Fund Official Website|accessdate=28 March 2013}}
6. ^{{cite news|last=Xinhua News Service|title=China's Xi: China-ASEAN cooperation sees growing gains|url=http://english.peopledaily.com.cn/90883/7957175.html|accessdate=2 September 2013|newspaper=People's Daily|date=September 21, 2012}}
7. ^{{cite news|title=Singapore still top Asean investment pick for big four economies - US, China, Japan and India: Report|url=http://www.straitstimes.com/business/economy/singapore-still-top-asean-investment-pick-for-big-four-economies-us-china-japan-and|accessdate=13 June 2016|work=The Straits Times|agency=The Straits Times|date=15 September 2015}}
8. ^{{cite web|title=China-ASEAN Fund on Investment Cooperation:Summary of Proposed Investment|url=http://ifcext.ifc.org/ifcext/spiwebsite1.nsf/0/EA30D66D3BCEE0F9852576BA000E3309|work=IFC Official Website|publisher=International Finance Corporation, part of the World Bank|accessdate=2 September 2013}}
9. ^{{cite news|title=CIC and Exim Bank form $1bn Asia private equity fund|url=http://www.chinaeconomicreview.com/node/43071|accessdate=2 September 2013|newspaper=China Economic Review|date=September 16, 2010}}
10. ^{{cite web|last=Xi|first=Jinping|title=Work Together Towards Deeper Cooperation and Sustained Development|url=http://english.gov.cn/2012-09/21/content_2230438.htm|work=Chinese VP's speech at ninth China-ASEAN Business and Investment Summit and 2012 Forum on China-ASEAN Free Trade Area|publisher=Government of the People's Republic of China official web portal|accessdate=4 February 2013}}
11. ^{{cite news|last=Romann|first=Alfred|title=Investment attention turning to ASEAN|url=http://www.chinadaily.com.cn/cndy/2012-08/21/content_15691174.htm|accessdate=4 February 2013|newspaper=China Daily|date=2012-08-21}}
12. ^{{cite news|last=Chan|first=Cathy|title=China-ASEAN Investment Fund Plans To Deploy $500M In 2012|url=http://www.mb.com.ph/articles/343200/chinaasean-investment-fund-plans-to-deploy-500m-in-2012#.UQ9lQFoTGKQ|accessdate=4 February 2013|newspaper=Manila Bulletin|date=December 1, 2011}}
13. ^{{cite news|title=Premier Li Keqiang Raises Five Proposals on Further Strengthening China-ASEAN Cooperation|url=http://www.fmprc.gov.cn/eng/zxxx/t1073243.shtml|accessdate=12 September 2013|newspaper=Ministry of Foreign Affairs, the People's Republic of China|date=9 September 2013}}
14. ^{{cite news|last=Li|first=Keqiang|title=Bring the China-ASEAN Strategic Partnership of Long-term Friendship and Mutually Beneficial Cooperation to a New High|url=http://www.fmprc.gov.cn/eng/zxxx/t1073609.shtml|accessdate=12 September 2013|newspaper=Ministry of Foreign Affairs, the People's Republic of China|date=3 September 2013}}
15. ^{{cite web|title=CAF Makes Maiden Investment|url=http://www.china-asean-fund.com/news.php|work=Official Website|publisher=China ASEAN Cooperation Fund|accessdate=4 February 2013|date=28 December 2010}}
16. ^{{cite news|last=Cacho|first=Katlene O.|title=Aboitiz sells transport unit|url=http://www.sunstar.com.ph/cebu/business/aboitiz-sells-transport-unit|accessdate=3 February 2013|newspaper=Sun Star Cebu|date=December 1, 2010}}
17. ^{{cite web|title=Company Profile|url=http://www.2go.com.ph/GROUP/About/company-profile.asp|work=Official Website|publisher=2GO Group|accessdate=4 February 2013}}

External links

  • Official website of China-ASEAN Investment Cooperation Fund
{{Belt and Road Initiative}}

2 : Private equity firms of China|One Belt, One Road

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