Highlights of the Silk Road Fund

A limited liability company of the fund was registered on Dec 29, and the first board meeting was held on Jan 6.

The fund is not a sovereign wealth fund but rather a private equity fund with a longer-term investment horizon.

The projects it invests in should have a reasonable return for the medium and long term.

It is not a Chinese version of the Marshall Plan.

It does not seek to become a multilateral development bank.

It may set up subsidiary funds based on industries and geographical areas.

It needs professional staff with knowledge of various fields such as investment and finance, key industries and countries along the "One Belt, One Road".

It will collaborate rather than compete with China Investment Corp, the Export-Import Bank of China and China Development Bank Corp.

(China Daily Africa Weekly 02/20/2015 page19)