Joint fund for Australian dairy
Dairy investment in Australia will be the focus of a $3 billion Chinese agricultural fund. Austrlian Minister for Trade and Investment Andrew Robb told the inaugural Australian Dairy Farm Investment forum about the deal, which is called the Beijing Australia Agricultural Resource Cooperative Development Fund. It will be jointly initiated by the Beijing Agricultural Investment Fund and Yuhu Agriculture Investment Pty Ltd.It will focus on investment for Australian dairy, particularly in infant formula, and supply Australian agricultural services and products to the Chinese market.
Beijing Agricultural Investment Fund was founded in September 2009 and was the first professional investment fund in the agricultural industry in China. It was initiated by state-owned Beijing Capital Group. It owns and manages 25,000 cattle in five farms around China and supplies milk to the leading Chinese dairy manufacturing and distribution companies. Yuhu Agriculture Investment is a foreign subsidiary of Yuhu Group which is a large scale investment company based in Shenzhen China.
It is involved in property development and management, hydropower station development and trade logistics.
