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Connecting China to Asia and beyond
This year’s Future of Finance Summit in Beijing discussed China’s Belt & Road Initiative and opportunities and challenges it brings forth for new and traditional modes of financing

October 16, 2018 | Siddharth Chandani
  • The Belt and Road Initiative broadens market access for Chinese goods elsewhere, the project powers economic integration, creating demand for huge financing in transportation, energy and telecom along the route and continues to drive regional cooperation activities in Asia
  • Relevant authorities in China are promoting PPP in the form of ‘social capital’- which includes the state owned enterprise and the private sector
  • One of key themes to come out during the Belt and Road panel discussion was build-up of risks and financial institutions’ subsequent capacity to leverage and service the risks
  • China’s development drive to connect historical hot-spots of trade has laid foundations for domestic enterprises to go global. The Belt and Road Initiative (BRI) has set-off a global era of soft and hard infrastructure building, one supported by a combination of private capital, multilateral lending and foreign government loans. Broadening market access for Chinese goods elsewhere, the project powers economic integration, creating demand for huge financing in transportation, energy and telecom along the route. BRI continues to drive regional cooperation activities in Asia. South Asia Sub-regional Economic Cooperation (SASEC) comprising countries like Bangladesh, Bhutan, Maldives, Myanmar, Nepal and Sri Lanka have voiced operational priorities in areas of energy, trade facilitation, transportation and building a robust economic corridor. Ayumi Konishi, Special Senior Advisor to the President, Asian Development Bank talked about brightened prospects of cross-border trade intra-region. “There is a new prospect for new connectivity among East Asia, Southeast Asia and South Asia, because Myanmar has also joined ...

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    Keywords: Trade, Loans, PPP, Wealth Management