Indonesia sovereign wealth fund and China fund sign RM13.21bil investment deal


JAKARTA, July 4 (Reuters): China's Silk Road Fund (SRF) has signed a framework agreement to invest up to 20 billion yuan (US$2.99 billion - RM13.21 billion) in Indonesia's sovereign wealth fund, the funds said on Monday.

The agreement allows for investment in all sectors open to foreigners in Indonesia, in particular those promoting economic connectivity between the countries, the Indonesia Investment Authority (INA) and the SRF said in a joint statement.

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Indonesia , China , sovereign wealth , Fund , Major Deal

   

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