At the end of 20 14, the Silk Road Fund was also registered. The sponsors of Silk Road Fund are from State Administration of Foreign Exchange, China Investment Corporation, The Export-Import Bank of China and China Development Bank, with an initial investment of 654.38 billion US dollars, of which the foreign exchange reserves managed by SAFE, China Investment Corporation, The Export-Import Bank of China and China Development Bank account for 65%,/kloc-0.5%,/kloc-0.5% and 5% respectively, and the initial scale is planned to be 40 billion US dollars.
According to Zhou Xiaochuan, Vice Chairman of Chinese People's Political Consultative Conference and Governor of the Central Bank, Silk Road Fund is not a concept of sovereign wealth fund, but will pay more attention to cooperation projects and industrial projects in the host country and emphasize equity investment. "We want others to treat it as a kind of PE, but its recycling cycle is longer than that of ordinary PE." Zhou Xiaochuan said in an interview with the media.
In an interview with China Economic Weekly, Zhang Yansheng also said that the "Belt and Road" master plan will be announced soon, which will include a series of landmark projects. The government will build more platforms for private enterprises to participate in the Belt and Road Initiative, such as infrastructure interconnection related to the Belt and Road Initiative, cross-border production and trade platforms for private enterprises, and provide cross-border financial financing, supply chain and talent services.
China's nearly $6 trillion in foreign exchange reserve assets are gradually being transformed into foreign investment by enterprises and governments, providing goods, capital and services to countries along the Belt and Road in the form of capital export, which has also found ways to release some overcapacity areas in China.