Reference News Network, October 3 report: According to the website of Singapore's "Lianhe Zaobao", China and Brazil will jointly establish an investment fund. Bloomberg reported on October 2, citing a statement that the Brazilian Development Bank (BNDES) and China Export-Import Bank have agreed to jointly establish a fund to invest in areas such as energy transition, infrastructure, minerals, agriculture, and artificial intelligence.
According to the statement, this new investment fund will invest in Brazilian bonds and equity. The Brazilian Development Bank and China Export-Import Bank have signed documents related to the establishment of the new fund.
The report stated that Nelson Barbosa, an executive of the Brazilian Development Bank, revealed that this is the first time that Brazilian and Chinese financial institutions have jointly established a fund for investment in Brazilian Real. He said at the launch ceremony held in Rio de Janeiro: "The new cooperation between the two financial institutions will strengthen the commercial and economic relations between Brazil and China."
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