Indonesia's sovereign fund eyes twenty strategic projects

Indonesia officially launched the national sovereign wealth fund Danantara, the first installment of 20 billion U.S. dollars to promote 20 strategic projects, asset management scale of 900 billion U.S. dollars, the world's fourth largest.The fund focuses on new energy, deep processing of minerals and other areas, aiming to drive the Indonesian economy to achieve an annual growth of 8%. Its innovative asset management model, the integration of seven major state-owned enterprises dividends, the new law gives the authority to call the dividends of state-owned enterprises. The first installment of the fund focuses on the deep processing of mineral resources, digital economy infrastructure and livelihood protection. The leadership of the fund is a "dual-track system of politics and business", and is committed to establishing a triple transparency mechanism. Indonesia as a "Belt and Road" pivot, Danantara and China's production capacity to go overseas synergistic, within the year to start the first batch of project bidding, Chinese investors can pay attention to the mining industry, digital infrastructure and renewable energy field.