The China-Central Asia Economic Cooperation Fund was recently established in the China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA).

This fund is a key subsidiary set up by the China-Eurasia Development Fund, which aims to promote bilateral investment cooperation between Chinese enterprises, SCO members, and countries involved in the Belt and Road Initiative. Its focus areas include investments in livelihood projects, the green economy, and renewable energy sectors.

Utilizing the SCODA's role as an international cooperation platform, the China-Central Asia Economic Cooperation Fund plans to provide comprehensive financial support for bilateral investments between Chinese enterprises and their counterparts from SCO and BRI countries. The fund aims to attract more domestic and foreign investment and financial management institutions, along with high-quality financial capital, to the SCODA. This will help promote policy finance, development finance, commercial finance, and cooperative finance.

Looking ahead, the SCODA will lead reforms to speed up the construction of the SCO International Capital Harbor. With specialized fund operations and international business expansion, it intends to improve regional resource allocation, enhance international influence, deepen openness in the financial sector, create a globally recognized financial brand, foster financial innovation, and improve openness to the global market.

The China-Central Asia Economic Cooperation Fund is established in the China-SCO Local Economic and Trade Cooperation Demonstration Area. [Photo/Guanhai News]