China Investment Corporation (CIC), Indonesia Investment Authority (INA) and several other state-backed investors have launched a platform aimed at facilitating investment cooperation between Chinese and Southeast Asian institutions.
The China-ASEAN Joint Investment Council (CAJIC) was launched at the China International Fair for Investment and Trade in Xiamen on September 8, according to a statement on Tuesday.
The council was initiated by CIC, with CGS International Securities, the international business arm of China Galaxy Securities, serving as its secretariat. Its founding members include CIC, Thailand’s Government Pension Fund (GPF), INA, Malaysia’s Khazanah Nasional Berhad and Azerbaijan’s State Oil Fund (SOFAZ). Malaysia’s Kumpulan Wang Persaraan (KWAP) has also joined the council.
CAJIC will organise regular dialogues, an annual forum, thematic research and executive training programmes, according to the statement. The platform is intended to give long-term investors a forum to exchange information and assess cross-border investment opportunities.
The launch comes as Chinese and Southeast Asian investors look to deepen institutional links and identify opportunities across the region. The council said its work would focus on capital, knowledge and leadership between China and ASEAN.
For INA, the council builds on cooperation through the China-ASEAN Investment Partnership (CAIP), according to Oki Ramadhana, Chairman of INA’s board of directors.
He said regular dialogue and joint research could help participating institutions better understand local markets and identify areas where their investment mandates and capabilities overlap.
GPF said areas of interest along the China-ASEAN corridor include sustainable infrastructure, digitalisation, advanced manufacturing and the low-carbon transition.
“CAJIC can serve as a practical platform for institutional investors to deepen dialogue, share research, and better assess opportunities and risks,” said GPF secretary-general Soraphol Tulayasathien.
The launch comes as Chinese and Southeast Asian investors seek to deepen institutional links and identify opportunities across the region. The council said its work would focus on capital, knowledge and leadership between China and ASEAN.
CIC chairman and CEO Zhang Qingsong said the Chinese sovereign wealth fund was optimistic about ASEAN’s long-term prospects and saw cooperation with state investment institutions in the region as important to strengthening cross-border investment and two-way capital flows.
The council also gives CGS International a broader role in the China-ASEAN investment corridor. The securities firm said it would support the platform through research, distribution and its local networks across ASEAN.
CIC, which was established in 2007 to manage and diversify China’s foreign-exchange reserves, invests globally across public and private markets, including private equity, private credit, infrastructure, real estate resources and commodities.
INA is Indonesia’s sovereign investment institution, while Khazanah is Malaysia’s sovereign wealth fund and SOFAZ manages Azerbaijan’s oil and gas revenues.
