The Azerbaijan National Oil Fund, China Investment Corporation, and Indonesia Investment Authority have jointly announced the establishment of the Galaxy East Investment Platform and launched a sovereign joint investment plan.

The signing ceremony for the establishment of the investment platform was successfully held in Beijing. Guests including Zhang Shaoqing, Executive Director and Deputy Chief Investment Officer of China Investment Corporation, Christopher Ganis, Chief Investment Officer of Indonesia Investment Agency, Farhad Zainalov, Head of Investment Department of Azerbaijan National Oil Fund, and Wu Peng, Member of Galaxy International Executive Committee, Business Director and Chairman of Galaxy International, attended the signing ceremony.

Core objective

The Galaxy Oriental Investment Platform is positioned as a sovereign direct investment mechanism, with the core purpose of tapping into the long-term investment potential between China and the ASEAN region, and building a convenient capital bridge for cooperation between the two sides. The announcement released by the three parties clearly states: "The platform is jointly managed by three sovereign wealth funds, and its core role is to guide the orderly flow of funds and further deepen industrial cooperation between China and the ASEAN region. Currently, the platform has successfully raised about 520 million US dollars in the initial stage, and the overall target scale is set at 1 billion US dollars

This sovereign joint investment plan will focus on key areas such as industry, healthcare, consumer goods, business services, and technology, carefully selecting high-quality investment projects. At present, the economic and trade exchanges between China and ASEAN continue to deepen, and the supply chain in Southeast Asia is in a critical stage of accelerating reconstruction, which also provides a good development opportunity for the smooth landing of the platform. According to the framework arrangement of the platform, its investment direction is mainly divided into two categories: one is to invest in related products managed by well-known private equity funds participating in China ASEAN cooperation; The second is to directly layout high-quality selected investment projects within the territories of ASEAN member countries.

Platform Value

The announcement further explains that these investments will focus on assisting Chinese companies in exploring the ASEAN market, while also helping ASEAN companies connect with China's advanced technology, improved supply chain system, and high-quality talent resources, achieving mutual benefit and win-win results for both sides. In addition, the general partner of the project has been identified as Galaxy International Securities Co., Ltd. - an international business subsidiary of China Galaxy Securities. The company will provide comprehensive support for the smooth operation of the platform based on its professional advantages in Southeast Asia, a sound operating system, and a mature cooperation network. Keywords: Galaxy Oriental Investment Platform, China, ASEAN

Ismail Mamedov, Executive Director of the Azerbaijan National Oil Fund, stated that the establishment of this platform is an important milestone for the fund to deepen cooperation with sovereign wealth funds and seize emerging opportunities in the global dynamic market. Mamedov further added, "With the professional capabilities and long-term capital strength of partners such as China Investment Corporation and Indonesia Investment Agency, we will more efficiently seize the investment opportunities brought by the rapid economic and trade development and deep integration of supply chains between China and Southeast Asia. At the same time, this cooperation will further enrich the investment portfolio of Azerbaijan National Oil Fund and promote its diversified development.Editor/Gong Ziwei