China-ASEAN Investment Cooperation Fund

[5] In the speech, the premiere said, "China will activate a new round of special loans, make good use of the China-ASEAN Investment Cooperation Fund, and actively explore with other parties the creation of a financing platform for infrastructure development in Asia to fund major projects.

[10] The fund targets investment opportunities in infrastructure, energy and natural resources in the ASEAN countries.

Its maiden investment was in the Philippines when it helped Negros Navigation buy out Aboitiz Transport Services owners of SuperFerry.

[14] Through an equity infusion, it took control of the former Negros Navigation and purchased the Aboitiz Transport System for US$105 million.

[15] Negros Navigation was subsequently rebranded the 2GO Group and is the Philippines largest ferry and domestic freight company.