三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語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: 99久久久久国产精品免费 | 久久成人国产精品 | 色视频一区二区三区 | 色婷婷视频在线 | 亚洲tv精品一区二区三区 | 一a一片一级一片啪啪 | 一级特黄高清完整大片 | 欧美黄色影视 | 日韩一区国产一级 | 中国免费观看的视频 | 亚洲精品视频免费看 | 在线视频精品视频 | 亚洲免费中字慕日产2021 | 日韩免费高清视频网站 | 精品国产一区二区三区www | 香蕉视频在线网址 | 欧美视频在线观看免费精品欧美视频 | 黄色a一级| 亚洲巨乳在线 | 91糖心 | 精品国产中文字幕 | 欧美禁片在线观看免费 | 国产又污又爽又色的网站 | 黄色录像视频网站 | 日韩亚洲欧美在线爱色 | 成人777| 麻豆麻豆必出精品入口 | 香蕉视频首页 | 国产成人午夜福在线观看 | 免费黄色片网站 | 国产免费不卡v片在线观看 国产免费不卡视频 | 亚洲一区二区福利视频 | 欧美在线观看视频免费 | 视频精品一区二区三区 | 国内精品视频九九九九 | 成人久久久 | 成年美女毛片黄网站色奶头大全 | 午夜精品久久久久久91 | 久久一二 | 麻豆国产精品一二三在线观看 | 国产在线欧美精品中文一区 |