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Bank of Beijing said it would strive to make the joint venture a model in implementing China's major opening-up policies for the financial sector.
BEIJING, May 3 (Xinhua) --China Merchants Bank's (CMB) outstanding loans to micro and small businesses hit over 400 billion yuan (about 59 billion U.S. dollars) by the end of April.
With the widening opening-up measures, Beijing's service sector has been contributing more to the capital's economic growth.
Beijing Investment Group Co. Ltd. (BIG), a cornerstone investor of the fund, said the fund is going to reach no less than 100 billion yuan (14.88 billion U.S. dollars).
China will prioritize the Belt and Road construction and stress both inbound and outbound investment and business activities in pushing opening up to a higher level, the vice premier said.
来源：资阳报