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Russia and China to create Russian-Chinese venture fund with target size of up to $100 mln

November 07, 2016, 11:24 UTC+3

The agreement was signed on Monday during the session of the Russia-China Business Advisory Committee

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© AP Photo/Kin Cheung

ST. PETERSBURG, November 7. /TASS/. Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings agreed to establish a joint Russia-China Venture Fund (RCVF), according to RCIF press release published on Monday.

The agreement was signed on Monday during the session of the Russia-China Business Advisory Committee.

The Russia-China Venture Fund target size will total up to $100 mln and could be increased later. RCIF and Tus-Holdings will act as anchor investors, other Russian and Chinese institutional investors are likely to participate.

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