China to Create Small Business Fund With France, Les Echos Says

China Development Bank will today sign an accord with La Caisse des Depots et Consignations to invest jointly in unlisted French and Chinese companies, Les Echos reported in an interview with CDB President Zhang Xuguang.

CDB, which will create with CDC a 150 million-euro ($189 million ) fund managed by Cathay Capital, isn’t concerned about the European debt crisis, Xuguang said, according to the French newspaper.

To contact the reporter on this story: Andrew Roberts in Paris at aroberts36@bloomberg.net.

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.