CADFund is the first equity investment fund in China focusing on investments in Africa. Establishment of CADFund is a key measure of the Chinese government's forging of the Sino-African New Strategic Partnership.

The Chinese economy has maintained healthy, rapid and stable development for many years. The Chinese government encourages various enterprises with strength, reputation and capability of exerting their comparative advantages to invest in Africa, which is not only the internal need to strengthen China-Africa cooperation, but also the important part to implement our strategy of“ going outborad”. CADFund will abide by the principle of sincerity, friendship, equality, mutual support and joint development as well as make efforts to support and expand the investment of Chinese enterprises in Africa, and promote mutual benefit of China and Africa and beyond.

CADFund was established on June 26 2007 with funding of USD $ 5 billion to be achieved gradually. The initial funding was USD $ 1 billion for the first phase and was undertaken by China Development Bank. As the mainforce for Chinese economic construction, China Development Bank has kept positive achievements for a long time and possesses rich experience in project evaluation and a team with industrial experts. Before investing in CADFund, China Development Bank already invested in five industrial funds and three fund management companies with mature fund operation management and risk control system. As a bank with rapid expansion in international business, China Development Bank has many teams stationed in Africa, exerting great importance in aspects like project development and investment management.

CADFund operates and makes decisions independently according to market demands. Within the investment range determined by the country, the fund selects projects for investment according to market standards, and conducts project evaluation and decision making independently. As its shareholder, China Development Bank will enjoy project resources and expert strength with CADFund.

We believe that practical experience of Chinese economic development can provide beneficial reference for economic development of African countries. CADFund can also provide powerful support for economic and social development of African countries and economic cooperation between China and Africa. Let’s swim with the tide of development, abide by market principles, strengthen cooperation, and make efforts and contribution to the realization of mutual benefits and win-win between China and Africa!