| Silk Road Fund
Silk Road Fund
State-owned investment fund of the Chinese government, Silk Road Fund, was founded in 2014, investing under China’s strategic initiatives, namely the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. The legal department is led by head of legal affairs, Cao Hui, who joined the company in 2015, bringing 12 years of previous experience in private practice, but in a short space of time has earned recognition for effectively leading the legal team through a range of activities which have boosted links between China and countries on trade routes from Asia to Europe. Most notable transactions include the acquisition of a 9.9% stake in the Yamal liquefied natural gas (LNG) project to construct a plant with annual capacity of 16.5 million tons per annum. Most recently the legal team has helped with the signing of a cooperation deal with General Electric to launch an energy investment platform in Beijing, both jointly investing in electric power grids, new energy, and oil and gas in countries and regions along the Belt and Road.