China's US$40b Silk Road fund starts work

Shanghai

CHINA'S US$40 billion Silk Road infrastructure fund has started work along the lines of a long-term private equity (PE) venture to boost businesses in countries and regions along the road, China's central bank governor was quoted saying on Monday.

"The fund has already started operations, with registration on Dec 29 and the first board meeting on Jan 6," Zhou Xiaochuan, governor of the People's Bank of China, told the semi-official China Business News.