China's GDP is expected to exceed that of the United States in 2022, according to a report by Standard Chartered Bank forecasting the global economic outlook in 2030. The report, released on Thursday, said that the success of China's reform holds the key to its economy, which will grow at a rate of 7 percent between 2013 to 2020 and 5.3 percent between 2021 to 2030.
The Russian Direct Investment Fund (RDIF) and the Korea Investment Corporation (KIC) have signed a memorandum to form the Russian-Korean Investment Platform.
The investment platform will focus on cross-border investments which fulfill Russian-Korean strategic interests. The parties intend to invest in companies and projects that facilitate trade and encourage investment cooperation between the two countries.
During the summer of 2013, Caderus conducted a research on the Chinese asset management industry. Caderus contacted many QDII funds and insurance fund managers, trust managers, hedge-fund managers, as well as many other participants of the Chinese asset management industry.
Russia-China Investment Fund (RCIF) has completed the acquisition of an approximately 42% stake in RFP Group (Russian forest products group), a leading forestry holding company in Russia’s Far East.
RCIF’s investment in the company will support the construction of the “Center for deep wood processing”, the biggest in the region. The investment by RCIF supports the company’s strategy to further develop high value-added wood processing.
The Russian Direct Investment Fund (RDIF) and Abu-Dhabi’s Department of Finance announce the creation of the partnership to invest in Russian infrastructure projects and develop cross-border investment cooperation.
Under the agreement Abu-Dhabi’s Department of Finance will invest up to $5 billion in the partnership.
China will allow unfettered exchange of its yuan currency in its first free trade zone, a draft plan seen by AFP Thursday showed, in a bold push to reform the world's second largest economy.
The free trade zone (FTZ) in Shanghai is intended to make the city into a true international trade and financial centre and challenge the free economy of Hong Kong, a special administrative region of China, analysts and government officials said.