China Investment Corporation plans to invest in infrastructure of developed countries, starting with the UK.

China Investment Corporation(CIC), the country’s main sovereign wealth fund, plans to invest in infrastructure of developed countries, starting with the UK, Financial Times quoted Lou Jiwei, the fund’s chairman, as saying.

The $410bn Chinese fund  “is keen to team up with fund managers or participate through a public-private partnership in the UK infrastructure sector as an equity investor”, said Lou in an opinion article in Nov 28th's Financial Times.

Luo noted it's nessesary for China, a traditional contractor, to develop and operate overseas infrastructure projects.

CIC also refered the infrastructure investment as a way to  help the euro zone to cope with its  debt crisis.

Wang Jianxi, deputy manager of CIC on 24th said if investment could help boost the development of European companies or countries, it would be an indirect support of the area.

Source:caijing