China International Fund (CIF) is a Chinese-owned group of
Hong Kong investors that describes its major businesses as including "large-scale national reconstruction projects and
infrastructure construction in
developing countries". The CIF and its associated companies in Hong Kong and Singapore invested upwards of $US 20 billion mainly in unstable African dictatorships. They have made agreements with the
Angolan and
Guinean governments to explore for various resources in those countries. These agreements will result in billions of dollars of money being invested in the two countries. The Company is under the suspicion of being a state-owned company because “
key personnel have ties to Chinese state-owned enterprises and government agencies.”