China’s EXIM bank to invest in sustainable Canadian resources

Canadian firm Canaccord Financial is to raise a USD1 billion fund with the Import Export Bank of China to tap into North American sustainable natural resource opportunities.

The newly-established Canada-China Natural Resource Fund will invest in both public and private natural resource and energy companies or projects in Canada, as well as those that are listed – or have the potential to list on – Canadian stock exchanges, with the aim of promoting sustainable development.

The fund will look to raise the $1bn from investors in China and abroad, and will be structured at arms-length from its co-owners by an independent management team.