Source: CNTV    Published: 2016-1-4

China has officially launched its first insurance investment fund in the Shanghai Free Trade Zone today.  It aims to spearhead the country`s infrastructure development.

The China Insurance Investment company will be set up to operate the funds. The funds will be raised from the insurance sector and are expected to eventually reach a total size of 300 billion yuan.

The first batch of 40 billion yuan has already been invested in projects under the One Belt and One Road initiative.

The State Council approved the fund project last year. It said that the fund is to make use of long-term, stable capital to support the country’s public services development.