Baku, Beijing explore ways to enhance investment cooperation

Azerbaijan’s State Oil Fund (SOFAZ) and Chinese officials discussed ways to enhance investment cooperation and expand mutually beneficial partnerships during a working visit by SOFAZ Executive Director Israfil Mammadov to China on September 8.

The visit included a roundtable organised with a senior Chinese government official, bringing together leaders of major global institutions, Caliber.Az reports via SOFAZ.

The platform allowed direct dialogue between active investors in China and government representatives, facilitating strategic exchanges on investment opportunities.

During the visit, the SOFAZ delegation met with Qin Sun Zhang, Chairman and Executive Director of the China Investment Corporation, to discuss specific areas of bilateral cooperation and outline next steps for implementing joint projects.

The delegation highlighted that a memorandum of understanding signed between SOFAZ and the China Investment Corporation during Azerbaijani President Ilham Aliyev’s state visit to China in April 2025 had already established a strategic framework for collaboration.

The MoU aims to strengthen knowledge and experience exchange, develop sustainable investment models based on shared values, and promote mutually beneficial investment initiatives.

By Khagan Isayev