Russia to set up joint investment funds with Vietnam, Brunei — minister

SOCHI, May 20. /TASS/. Russia is planning to set up joint investment funds with participation of the Russian Direct Investment Fund (RDIF) with certain ASEAN member-states, particularly with Vietnam and Brunei, Economic Development Minister Aleksey Ulyukayev said Friday. Continue reading

Chinese fund sells off Japanese investments in retaliation

The Chinese government may withdraw investments in Japan as a way to retaliate against the United States and Japan for opposing China’s newly established air defense identification zone. A shareholder listed as SSBT OD05 Omnibus China Treaty 808150, which is widely considered a Chinese sovereign fund, has reduced its Japanese investment by 600 billion yen (US$5.8 billion) between March and September this year, according to our Chinese-language sister paper Want Daily and the Tokyo-based Sankei Shimbun. Continue reading