男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
World
Home / Financial Integration

Belt and Road to get $113b in CITIC financing

By Jiang Xueqing (China Daily)

Updated: 2015-06-26 09:50:46

China CITIC Bank Corp Ltd and other subsidiaries of the State-owned CITIC Group Corp plan to support the country's Belt and Road Initiative with combined investment and financing worth more than 700 billion yuan ($113 billion).

The mid-sized commercial lender will provide more than 400 billion yuan of that in financing to more than 200 projects in areas such as infrastructure, energy and agriculture, said Chang Zhenming, the bank's chairman.

The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives were proposed by President Xi Jinping in 2013 to improve the infrastructure connectivity along the trading routes.

Chang said: "For State-owned enterprises, supporting the Belt and Road Initiative is a chance to adapt to current international and domestic economic conditions and change our way of growth through restructuring."

Mid way into 2015, economic activity has turned out to be much weaker than many had expected, Qu Hongbin, chief economist for greater China at HSBC Holdings Plc, wrote in a report on Tuesday.

Investment growth fell to an all-time low of 11.4 percent year-on-year as infrastructure investment growth slowed, and external demand also surprised on the downside, with year-to-date exports growing just 0.6 percent from a year earlier, Qu said.

Yan Ning, head of strategy and planning at CITIC Group, said that to stabilize China's economic growth, looking for overseas opportunities is a must for many companies as production levels hit a ceiling at home.

Yan said the economic initiatives will bring "a major adjustment to the opening-up of China", encouraging more domestic companies to expand into developing countries.

CITIC Bank will set up a fund with initial capital of 20 billion yuan in the first phase to invest in urban infrastructure, rail transport and industrial investment projects in regions along the Belt and Road.

The fund is likely to increase to 100 billion yuan within five years, and attract total financing worth 1 trillion yuan.

Chang said the bank will make effective use of its CITIC Construction Co Ltd subsidiary, in its handling of projects as the company has already completed an impressive number of contracts in some countries along the routes, including Belarus, Kazakhstan and Uzbekistan.

The bank will also deepen its cooperation with other financial institutions closely associated with the initiatives, including the China-led Asian Infrastructure Investment Bank and the New Development Bank operated by the BRICS nations.

At the end of 2014, CITIC Bank had 38 branches in Hong Kong, Macao, New York, Los Angeles and Singapore.

 
...
主站蜘蛛池模板: 嘉定区| 蒙城县| 靖江市| 桦甸市| 和平区| 麦盖提县| 镶黄旗| 罗田县| 焦作市| 启东市| 安化县| 乌拉特前旗| 建昌县| 咸丰县| 吴桥县| 河池市| 潞西市| 潜江市| 绵竹市| 嘉义县| 来宾市| 郴州市| 青田县| 库车县| 浦城县| 杭锦后旗| 嵩明县| 长顺县| 贵南县| 江都市| 宣恩县| 怀远县| 阜南县| 朝阳县| 岐山县| 龙游县| 太仆寺旗| 托里县| 海丰县| 乌拉特后旗| 南靖县| 临洮县| 南昌市| 利辛县| 聂拉木县| 阿鲁科尔沁旗| 武夷山市| 潢川县| 钟山县| 光山县| 济阳县| 平果县| 金山区| 嘉义县| 利津县| 台中县| 大竹县| 新巴尔虎左旗| 泉州市| 肇源县| 霍邱县| SHOW| 辽源市| 阳东县| 赫章县| 赞皇县| 临安市| 阿尔山市| 长寿区| 长治县| 尼勒克县| 喀什市| 浦东新区| 乃东县| 浠水县| 水城县| 铁岭县| 钟祥市| 石狮市| 太仓市| 博湖县| 岐山县|