The Silk Road Fund (Chinese: 丝路基金) is a state-owned investment fund of the Chinese government to foster increased investment in countries along the One Belt, One Road, an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund established on 29 December 2014. The senior executives are all from four shareholders and officials from People's Bank of China have taken most of the posts as the biggest holder, State Administration of Foreign Exchange, is a subordinate body of the Central Bank. For instance, the chairman of board of directors, Jin Qi, was formerly the assistant governor of the People's Bank of China. And the most important executive post, General Manager, was assigned to Wang Yanzhi, the Director of Foreign Exchange Reserves to Entrust Loan Office of State Administration of Foreign Exchange. More information...
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