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GlobalCustodian.com
Sovereign Wealth Funds
- China-Africa Development Fund
Company Web-site
www.cdb.com.cn/english
Country
China
Assets $Billion
$5
Inception
2007
Origin
n/a
Approx wealth per citizen
$4
Company Description
CADFund aims to promote economic cooperation between China and Africa and advance Africa's economic development. By investing directly in Chinese enterprises which have set up operations in Africa or plan to invest in Africa, CADFund will push Chinese and African enterprises to reach their cooperation targets and facilitate infrastructure construction, as well as enhance the social and economic development of African countries.
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