Investors: Uk-China Fund and Beijing

investors: The UK-China Fund is intended to promote cooperation between the two countries in areas including energy, technology, healthcare and manufacturing, and has been endorsed by Beijing and Westminster, according to The Guardian. However, one person who was asked to become involved in the project told the It's completely moribund They approached all the big banks and other serious investors. One person who was asked to put money into the project described it as moribund according to the Financial Times, signalling slow progress nearly 16 months after it was launched. And I don't know of anyone that's put money up. But they hinted at an imminent breakthrough based on commitments by unnamed investors within weeks, blaming Brexit uncertainty for the lacklustre progress to date. Sources close to the UK-China Fund said it was yet to complete a first round of fundraising, which would typically be expected to raise about half of the 1bn target. (news.financializer.com). As reported in the news.