日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Europe

City adapts to Belt and Road finance

By Cecily Liu | chinadaily.com.cn | Updated: 2018-02-05 03:24
Share
Share - WeChat
One of the tangible symbols of the Belt and Road Initiative is a new freight train service linking the UK and China, through the entire B&R region. Photo provided to China daily

At 8:00 am every morning, the London Stock Exchange opens its trading market with clustered real-time stock prices projected across its central screen, and another busy day starts for the City's bankers, lawyers and traders.

For hundreds of years, this has been the familiar pace of life in the City of London. But unbeknown to many, a subtle change has swept over London's capital markets as bankers and traders are increasingly looking East to connect with Belt and Road opportunities, a trend exacerbated by uncertainties caused by Britain's departure process from the EU.

"Countries along the routes need to invest trillions of US dollars in developing their infrastructure in the years ahead. Financing the Belt and Road is a huge endeavor," said Ian Stuart, CEO of HSBC UK.

HSBC estimates that Belt and Road development projects will cost up to $6 trillion in the next 15 years, while PricewaterhouseCoopers estimates the costs at $5 trillion.

HSBC has already financed nearly 100 projects in Belt and Road countries. Meanwhile, Standard Chartered has fund over 50 Belt and Road deals in 2017 alone, and last December it announced an additional $20 billion commitment to Belt and Road projects by 2020.

Essentially, what makes Belt and Road infrastructure projects attractive as financing opportunities for London's biggest banks is their attractive projected return, relative to risks.

The high return comes from stable revenue streams to be generated once these infrastructure projects come into operation – supported by strong economic growth from countries enjoying the new infrastructure. The low risk, for private sector financiers, derives partly from efforts by government and multinational development bank vehicles that contribute the first, and most risky dollars, to each project.

"The participation of highly creditworthy multilateral development banks and other public-sector investors like the can definitely help to 'crowd in' private capital," said Stuart.

China is already leading the initiative's financing efforts. At the Belt and Road forum, China committed an additional contribution of $14.6 billion to the Silk Road Fund, adding to its initial commitment of $40 billion in 2014.

The China-led Asian Infrastructure Investment Bank has approved $2.8 billion for 17 Belt and Road projects. China Development Bank had about $112 billion of outstanding loans in and the Export-Import Bank of China has extended about $90 billion of loans to such projects.

The British government has keenly supported the initiative. "London is the natural Western end to the Belt and Road," said Charles Bowman, lord mayor of the City of London.

"In London we have the knowledge as well as highly liquid debt and equity capital markets, with a large global investor base. This makes us an important partner for China," said Bowman.

Last year the City of London led the creation of a Green Belt and Road Investor Alliance to encourage funding into environmentally friendly projects along the Belt and Road. This year it will also co-host a Belt and Road forum in London.

Former prime minister David Cameron accepted a lead role with a newly proposed 750-million-pound ($1 billion) China-UK fund, which gathers private sector funding from both countries to invest into Belt and Road projects.

The fund was announced as one of 72 outcomes from the 9th UK-China Economic and Financial Dialogue which took place in Beijing last December.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 九九久久久 | 欧美视频在线观看一区二区 | 精品国产一区二区三区久久影院 | 国产一区二区视频在线观看 | av免费网站在线观看 | 成人午夜亚洲影视在线观看 | 深夜影院破解版免费vip | 99热播放 | 奇米777在线观看 | 99re热精品视频| 欧美精品1区2区3区 国产午夜精品理论片影院 亚洲精品不卡久久久久久 三级网站免费观看 | 麻豆传媒视频入口 | 欧美性喷潮xxxx | 一区二区三区免费视频 www | 激情五月婷婷色 | 日韩日日夜夜 | 性福利影院 | 日本视频免费高清一本18 | 国产精品美女久久久久久免费 | 大香一本蕉伊线亚洲网 | 久久视频在线免费观看 | 午夜精品老牛av一区二区三区 | 亚洲精品一区久久狠狠欧美 | 精品久久一二三区 | 天天影视欧美 | 伊人久久电影网 | 黄免费在线看 | 波多野结衣一区二区三区在线观看 | 国产精品一区久久久 | 超碰一区 | 免费免费啪视频在线 | 欧美激情 亚洲 | 久草五月天 | 日本视频在线 | 久久青| 日本黄色大片免费看 | 国产欧美一区二区精品忘忧草 | 久草免费在线 | 国产99久久精品一区二区永久免费 | 黑白禁区谭小四 | 偷拍自拍色 |