Three sovereign wealth funds anchor new China-Asean investment platform; US$520 million secured in first close
There are plans to expand the programme to US$1 billion as it targets opportunities emerging from deeper ties between China, S-E Asia
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[JAKARTA] Three sovereign wealth funds have jointly anchored a newly launched China-Asean investment platform that has secured about US$520 million in its first close.
There are plans to expand the newly created fund to US$1 billion as it targets opportunities emerging from deeper economic ties between China and South-east Asia.
China Investment Corp (CIC), Indonesia Investment Authority (INA) and State Oil Fund of the Republic of Azerbaijan have established the Galaxy Orientis China-Asean Investment Platform – a sovereign-led private equity programme dedicated to long-term investments across the China-Asean corridor.
The platform aims to channel capital into sectors expected to benefit from shifting supply chains and stronger regional trade integration. Target sectors include industrials, healthcare and technology.
The three sovereign funds will govern the investment platform, with CGS International Securities serving as general partner. The firm, the overseas arm of China Galaxy Securities, will provide regional expertise, operational infrastructure and networks across South-east Asia.
Zhang Qingsong, chairman and CEO of CIC, said that the programme reflects confidence in Asean’s growth outlook and the long-term potential of China-Asean economic cooperation.
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“Through investing in high-quality companies targeting the Asean market, the fund will not only deliver sound financial returns but also promote regional economic prosperity,” Zhang said.
The fund was formally launched at a signing ceremony held in Beijing on Apr 13, attended by senior executives from the participating institutions.
For INA, the initiative marks its first investment in a fund-of-funds structure under a thematic platform focused on the China-South-east Asia corridor.
Eddy Porwanto, acting CEO of INA, said that the programme would help facilitate long-term capital flows into sectors that support sustainable economic growth in Indonesia.
“This programme represents a strategic step in establishing a dedicated investment platform across the China-South-east Asia corridor,” Porwanto noted, adding that the platform will bring global expertise and networks alongside long-term capital.
Israfil Mammadov, CEO of State Oil Fund of the Republic of Azerbaijan, said that the partnership aligns with the fund’s strategy to expand sovereign-level cooperation while diversifying its global investment portfolio.
He added: “By pooling our collective expertise and long-term capital, we are better positioned to capitalise on the accelerating trade and supply-chain integration between China and South-east Asia.”
Wu Peng, chairman of CGS International Securities, said that the firm would support the platform with its regional presence and networks across South-east Asia’s high-growth sectors.
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