China Minsheng Investment Corp (CMI), the country's biggest private investment group, and partners aim to double planned investment in Southeast Asian infrastructure to $10 billion, a senior executive said on Friday.
CMI said in March it and 10 partners would invest $5 billion to develop an industrial park in Indonesia.
It is now seeking similar deals in Thailand and other countries, said Chief Executive Laurence Liao of CM International Holding, CMI's overseas arm.
"The market is so huge," Liao said in an interview in Singapore. CMI plans to add another $5 billion for Southeast Asia over the coming decade, he said.
CMI has 59 backers including financial conglomerate China Oceanwide Holdings Group Co.
It is among a growing number of firms that are looking to profit from China's Silk Road initiative.
The initiative aims to offer companies incentives to build highways, railways, ports and pipelines in Central and Southeast Asia.
CMI was set up by an ex-chairman of China Minsheng Banking Corp independently of the bank.
Its latest major investment was in July, when a subsidiary bought Sirius International Insurance Group for $2.2 billion from Bermuda-based White Mountains Insurance Group.
Liao also said CMI was looking to invest in infrastructure projects in India and was organizing a visit by a delegation of Chinese companies this year.
