BOAO, China, April 18 (Reuters) - Kazyna Capital Management (KCM), a subsidiary of Kazakhastan’s sovereign wealth fund, is in talks with CITIC Capital, an investment arm of China’s largest financial conglomerate, to set up a joint investment fund, a senior company executive said during the Boao Forum.
Fresh from signing a $10 billion oil-for-loan deal this week, the Kazakhastan government is turning its eyes to broader investment opportunities with China, Abay Alpamyssov, chairman of KCM, told Reuters on the sidelines of the forum.
He said that his company was in talks with CITIC Capital to launch a $200 million fund to invest in infrastructure projects in the two countries.
“We are talking about each investing $100 million into the fund, which has not been decided yet,” he added.
China lent neighbour Kazakhstan $10 billion this week and bought into an oil company in the Central Asian country.
Kazakh President Nursultan Nazarbayev was in Beijing on a state visit on Thursday and met Chinese leader Hu Jintao.
China’s Eximbank lent the state-owned Development Bank of Kazakhstan $5 billion. China’s state-run oil company CNPC also extended a $5 billion loan to its Kazakh peer KazMunaiGas [KMG.UL]. (Reporting by Eadie Chen and Kirby Chien) (firstname.lastname@example.org; +8610 6627 1268; Reuters Messaging: email@example.com))