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英文翻译：The establishment of the China Africa Development Fund is one of the 8 measures adopted by the Chinese government at the Beijing summit of the China Africa Cooperation Forum in 2006 to support and encourage Chinese enterprises to invest in Africa. The fund started operation in June 2007 with an initial design scale of US $5 billion, which was undertaken by China Development Bank and supported by foreign exchange reserves. Since its establishment, the China Africa Development Fund has actively supported China Africa economic and trade cooperation, invested in a number of projects such as agriculture, infrastructure, processing and manufacturing, industrial parks and resource development, vigorously promoted Chinese enterprises' investment in Africa, played an important role in infrastructure construction, technological progress, export earnings and employment increase of the host country, and promoted China Africa industrial docking and production capacity cooperation, It has promoted Africa's economic and social development and enhanced its competitiveness in the global economic pattern, and has been widely welcomed by Africa. As an equity fund focusing on investment in Africa, China Africa Development Fund adheres to the principle of "truth, reality, affinity and sincerity" in its practical operation, adheres to the principle of government guidance, enterprise body, market operation and win-win cooperation, focuses on supporting Africa to solve the three development bottlenecks of infrastructure lag, lack of talents and capital shortage, and accelerates Africa's industrialization and agricultural development Modernization process, to help it achieve independent and sustainable development. China Africa Development Fund selects projects in accordance with the basic principles of "the strategic necessity of China Africa cooperation, the financial balance of the project itself, and the sustainability of institutional development". It focuses on supporting Africa's "three networks and one integration" and connectivity, Chinese enterprises' capacity cooperation with Africa and equipment manufacturing industry going out, agriculture and people's livelihood, resource development and industrial (economic and trade) parks. China Africa Development Fund is mainly engaged in equity investment and investment consulting business. It invests in Chinese enterprises that carry out economic and trade activities in Africa, enterprises and projects that Chinese enterprises invest in Africa, and other development projects in China and Africa. It provides management, consulting, reorganization of enterprise assets, M & A and project financing, corporate finance, financial consulting, etc. for all kinds of enterprises (not limited to the invested enterprises) Business, as well as other businesses permitted by laws and regulations and approved by competent departments.

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