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
Business
Home / Business / Finance

London financiers looking eastward

By Cecily Liu in London | China Daily | Updated: 2018-02-07 10:57
Share
Share - WeChat

At 8:00 am every day, 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 unbeknownst to many, a subtle change has swept over London's capital markets as bankers and traders are increasingly looking east to connect with B&R opportunities, a trend exacerbated by uncertainties caused by Britain's pending departure 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 B&R development projects will cost up to $6 trillion in the next 15 years, while Pricewaterhouse-Coopers estimates the costs will be $5 trillion.

HSBC has already financed nearly 100 projects in B&R economies. Meanwhile, Standard Chartered funded more than 50 B&R deals in 2017, and last December it announced an additional $20 billion commitment to B&R projects by 2020.

Essentially, what makes B&R 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 them can definitely help to 'crowd in' private capital," said Stuart.

China is already leading the initiative's financing efforts. At the B&R forum, China committed an additional $14.6 billion to the Silk Road Fund, adding to its initial $40 billion in 2014.

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

The British government has keenly supported the B&R 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 B&R 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 B&R 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.

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
CLOSE
 
主站蜘蛛池模板: 国产成人高清精品免费观看 | 日本一级特大毛片 | 亚洲国产成人在线观看 | 毛片在线免费播放 | 色在线国产 | 中文字幕国产欧美 | 毛色毛片免费看 | 一区二区不卡视频在线观看 | 国产高清视频免费在线观看 | 在线亚洲欧美 | 欧美专区在线播放 | 在线免费观看色片 | 亚洲欧美综合在线观看 | 国产在线精品一区二区夜色 | 99久久综合狠狠综合久久aⅴ | 在线毛片一区二区不卡视频 | 日本一级毛片在线播放 | 国产高清视频免费最新在线 | 18p亚洲 | 国产一二三四区在线观看 | 午夜国产精品不卡在线观看 | 黄色网在线播放 | 国产久7精品视频 | 5c5c5c精品视频在线观看 | 伊人黄网 | 亚洲啪啪免费视频 | 人做人爱视频欧美在线观看 | 欧美洲精品亚洲精品中文字幕 | 成人精品美女隐私漫画 | 久久国产精品99久久久久久牛牛 | 91视频免费网站 | 在线成人免费看大片 | 日本成a人片在线观看网址 日本成人一区二区 | 99热er| 欧美一区二区久久精品 | 亚洲一区二区中文字5566 | 人人射人人舔 | 久久亚洲一级α片 | 免费看黄色一级 | 国产精品视频一区日韩丝袜 | 校园春色国产精品 |