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.

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