Uzbekistan, China plan to create joint investment fund
By Trend
Uzbekistan and China are planning to create a joint investment fund within the framework of the global initiative "One Zone, One Way", Trend reports via Uzbek media.
The parties agreed on the implementation of that project during the international investment forum in the Khorezm region of Uzbekistan.
Speaking to the participants, the secretary general of the China Cultural Investment Fund Jiancheng Zhu proposed to create a fund for investment in bilateral cooperation between China and Uzbekistan, to strengthen the strategic partnership between the two countries.
This initiative was also discussed later during negotiations with the chairman of the Chamber of Commerce and Industry of Uzbekistan Adham Ikramov.
The parties studied the possibility of implementing joint projects in Uzbekistan, which are capable of taking the cooperation of the two countries to a new level.
The head of the Chamber of Commerce and Industry positively accepted the idea of creating a joint investment fund and expressed a desire to discuss this project in detail during further negotiations.
Chinese side proposed that the creation of the fund should be initiated by the governments of the two countries.
Moreover, its funds will be formed at the expense of not only the state capital of Uzbekistan and China, but also international financial institutions, various third-party organizations, including from other countries.