日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Belt and Road to get $113b in CITIC financing

By Jiang Xueqing (China Daily) Updated: 2015-06-26 09:50

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.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产123在线 | 麻豆影视av | 亚洲涩情| 天操夜夜操 | 亚瑟av| 金8天国av| 久热精品在线视频 | 欧美手机在线视频 | 一级特黄视频 | 国产精品国产三级国产aⅴ中文 | 日韩av网址大全 | 国产精品一二三在线观看 | 欧美精品免费在线 | 亚洲男人精品 | 中文字幕精品在线观看 | 久久久久久久久久一区二区三区 | 国产综合在线播放 | 久久免费小视频 | 激情亚洲视频 | 国产h视频在线观看 | 一区二区三区欧美日韩 | 在线免费观看国产精品 | 亚洲第一av在线 | 成人免费视频一区二区三区 | 四虎影视精品 | 亚洲高清一区二区三区 | 亚洲精美视频 | av毛片在线播放 | av免费观| 国产精品尤物 | 日韩视频在线观看一区二区 | 欧美国产精品一区二区 | 久久天堂精品 | 毛片网站在线 | 超碰在线97观看 | 日本在线一区二区三区 | 欧美成人一二三区 | 国产精品久久久国产盗摄 | 成人18视频 | 一级片在线| 一级中国毛片 |