Chinese group mulls 1 bln euro Serbia-focused investment fund - report

Chinese group mulls 1 bln euro Serbia-focused investment fund - report Source: China Global Television Network YouTube channel

BELGRADE (Serbia), June 15 (SeeNews) - Sino-China Investment Group is considering incorporating a fund that will invest about 1 billion euro ($1.2 billion) in Serbia, Belgrade-based media has reported. 

The Chinese group is interested in transport, energy, telecommunications, agriculture and construction projects in Serbia, news agency Tanjug quoted on Thursday the president of Sino-China Investment Group, Jin Frank Li, as saying.

The fund will be established according to international standards and will function in a transparent and market-oriented way, as all private investment funds in the world, Li said.

"The main focus is on transport, airports, ports, bridges, communications, water supply and drainage in urban and rural areas, electricity supply, agriculture and basic assets necessary for the provision of non-material goods or services - for science, education, culture and healthcare," Li noted. 

Earlier this month, Tomislav Nikolic, the head of Serbia's National Council for Cooperation with Russia and China, held a meeting with representatives of Sino-China Investment Group to discuss potential investments in the country. 

"The meeting in Belgrade was not the first one we had with Nikolic, since we have already met in Shanghai along with representatives of Power China and the Shanghai Stock Exchange. Representatives of the Shanghai Stock Exchange have expressed willingness to participate in the implementation of the project in Serbia," Li also said.

($ = 0.8624 euro)

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