The ASEAN-China Fund on Investment Cooperation, the first offshore private equity (PE) fund was announced in April 2009. The Fund amounting to US$ 10 billion is mainly sponsored by Export and Import (EXIM) Bank of China and managed by the ‘China-ASEAN Capital Advisory’, an independent PE fund managing company incorporated in Hong Kong. The Fund aims to provide financial support to enterprises in ASEAN and China to promote economic cooperation between China and the ASEAN region.

Currently, the 1^st tranche of US$1 billion of the investment fund is almost reached. The PE firm is willing to invest in the form of capital financing of viable projects in ASEAN and China, as well as joint projects in third countries. For the first tranche, target areas for investment will be natural resources, energy and infrastructure projects. Total amount for per investment project ranges between US$50 million – US$150 million.  

The PE Firm will invest in companies which exhibit:

The 2010 China-ASEAN Mining Cooperation Forum and Exhibition will be held from August 6 to 7, 2010 in Nanning, Guangxi, China, as one of a series of events for the 7th China-ASEAN Business and Investment Summit (CABIS). China-ASEAN Business and Investment Summit (CABIS) has been successfully held for six consecutive years and has become an important platform for high-level dialogue and enhancing economic and trade cooperation in the region.

The theme of this forum has been set as “Regional Mining Co-operation with the Establishment of China-ASEAN Free Trade Area”. With the China-ASEAN Free Trade Area coming into effect on January 1, 2010, the economic and trade cooperation between China and ASEAN is now on a new historical point and this will usher in unprecedented opportunities and broad prospects of development for the mining cooperation in the region.

This forum will be a grand gathering which covers meetings, exhibition and business negotiations. It is estimated that there will be representatives from companies involved in exploration, extracting, dressing, smelting and technical support, key investors from investment companies and banks, people from legal and intermediary agencies, research and education organizations, with a total of more than 1000 participants among whom 300 will be from ASEAN countries