Jump to navigation

Vol 1 (AAC) No 1

Published 1st November 2007


China's Nova Luanda

The China International Fund (CIF) appears to be the construction arm of Beiya International Development Ltd, the parent company of China Angola Oil Stock Holding Ltd, which trades Angolan oil. Its relationship to the Chinese government has never been made clear. Beiya’s Chairman, Xu Jinghua, announced in March that Hangxiao Steel of Shanghai had secured a US$4.4 billion contract with CIF to build a massive residential development in Angola. The company’s share price surged and government regulators investigated.

End of preview - This article contains approximately 513 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.