Azerbaijan’s state oil fund helps launch China-ASEAN investment council
SOFAZ is the only founder from outside East and Southeast Asia, reflecting Azerbaijan’s position on the trade corridor between Asia and Europe.
Azerbaijan's state oil fund, SOFAZ, has joined six investors to launch the China-ASEAN Joint Investment Council at the China International Fair for Investment and Trade in Xiamen. This move grants the Caspian fund a founding seat in a market of over 2 billion people. The council includes China Investment Corporation, Thailand's Government Pension Fund, Malaysia's Khazanah Nasional Berhad, the Indonesia Investment Authority, and Singapore's CGS International Securities.
The China-ASEAN Joint Investment Council aims to foster collaboration and investment between China and ASEAN, with trade between the two regions reaching a record $1.05 trillion in 2025, up 7.4% year on year. Azerbaijan's membership reflects its strategic position on the Middle Corridor, a key route for trade between Asia and Europe.
SOFAZ, which manages Azerbaijan's oil and gas revenues, believes that capital can flow along this route, providing a platform for investment alongside Asian institutions. The council conducts forums and joint research before making investment decisions.
Written by urgent.news from Euronews Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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