Chinese getting ready to invest a billion euros in Serbia

The Shanghai-based investment fund Sino-China Investment Group is interested in funding projects in Serbia through the Shanghai Stock Exchange and is ready to secure around 1 billion euros in the first stage, says Sino-RS President Jin Frank Li.

The idea is to establish a separate investment fund for project financing with public-private partnership as one of the models, Li told Tanjug.

The projects would be implemented with the support of the Shanghai Stock Exchange, he said in a conversation with the members of the National Council for the Coordination of Cooperation with Russia and China.

President of the National Cooperation Council for Cooperation with Russia and China, Tomislav Nikolic, met with representatives of the Sino-C Hina Investment Group Investment Fund from Shanghai in early June in Belgrade.

“The meeting in Belgrade was not the first one we had with Nikolic, since we had already held one in Shanghai together with representatives of Power China and the Shanghai Stock Exchange (SE). The representatives of the SE have expressed their readiness to participate in the implementation of the project in Serbia,” Li said.

The meeting was attended by the president of the council, Tomislav Nikolic, and the Council members – Minister of Construction, Transport and Infrastructure, Zorana Mihajlovic, Minister of Trade, Tourism and Telecommunications Rasim Ljajic, Minister of Mining and Energy, Aleksandar Antic and representatives of the ministries of finance and agriculture.

Frank Li went on to say that China considered Serbia a friend and one of the more important states for the implementation of the global Chinese initiative One Belt, One Road, the National Council announced.

The president and the members of the National Council welcomed the idea of the implementation of projects with China trough public-private partnerships, and not through the usual credits, in principle.

It was agreed that the realization of projects in Serbia, in cooperation with Chinese partners, though the Investment Fund needed to take into account the legal framework in Serbia and that the support of both Serbian and Chinese authorities was very important for the realization of such projects.

(B92, 15.06.2018)



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