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Sovereign wealth funds from China, Indonesia, and Azerbaijan collaborate to launch the Galaxy Orientis China-ASEAN Investment Platform (CAIP) with the first close reaching $520 million, aiming for a $1 billion target. The Program is created by China Investment Corporation (CIC), Indonesia Investment Authority (INA), and the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to capture investment opportunities across the China-ASEAN region, emphasizing industrial and trade integration. The platform, governed by the three sovereign funds, focuses on sectors driving the economic shift in China-ASEAN relations such as industrial, healthcare, consumer, and technology industries. CGS International Securities Pte. Ltd., the…
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