Goldman Sachs and China Investment Corporation Establish $5 Billion Fund to Invest in United States
Goldman Sachs press release --------- The Goldman Sachs Group, Inc. (NYSE: GS) and China Investment Corporation (“CIC”) today announced that they have formed a strategic relationship to establish the China-US Industrial Cooperation Partnership, L.P. (“Cooperation Fund”). The Cooperation Fund will target $5 billion in commitments with a broad mandate to invest in American companies in the manufacturing, industrial, consumer and healthcare industries, among others, that have or can develop a material business connection to China. The Cooperation Fund is designed to enhance commercial linkages and promote market access for US firms in China and will seek to improve the balance of the US-China trade relationship. To get more in depth information click on the picture below to read the release.