• 万物互联开启智慧新图景 下一代互联网未来已来 2019-08-20
  • 全球第三台“华龙一号”穹顶吊装成功 2019-08-20
  • 合肥庐阳18小区将现“十八变” 4254户居民将受益 2019-08-18
  • 西藏拉萨:新家园 新生活 2019-08-10
  • 滇池治理进入三年攻坚 2019-08-10
  • 你反来复去说1+1=2,真痴呆了?你应该讲点其他的吧,譬如,1+1=2,是客观事实还是规律,是真理还是谬误。 2019-08-03
  • 中医药继承发扬的认识及思考 2019-07-17
  • 端午——网络中国节——黄河新闻网 2019-07-12
  • 端午佳节 听习近平谈弘扬中国优秀传统文化 2019-07-12
  • 《北上广2》朱亚文陈妍希演加料爱情 群戏绎百态人生 2019-07-11
  • 深化对经济工作主线的认识 从供需关系看供给侧结构性改革 2019-07-11
  • 美媒:解放军已成为现代化军队 目光已越过大西洋 2019-07-06
  • 丰台东铁匠营街道:品粽赏乐感受改革开放四十周年 2019-07-06
  • 2017空调产业报告显示:线上零售额占比攀升 2019-07-05
  • 端午——网络中国节——黄河新闻网 2019-06-27
  • Global EditionASIA 中文双语Fran?ais
    Business
    Home / Business / Finance

    黑龙江福彩30选7走势图: Fund mulled to support Belt, Road projects

    By Chen Jia | China Daily | Updated: 2019-03-18 03:35
    Photo taken on Aug 30, 2018 shows the aerial view of the China-Maldives Friendship Bridge, in Maldives. The China-Maldives Friendship Bridge, the first cross-sea bridge in the Maldives, opened to traffic on Thursday evening. The bridge is an iconic project of the Maldives and China in co-building the 21st Century Maritime Silk Road. [Photo/Xinhua]

    今天黑龙江福彩22选5 www.fawqa.com Proposed financing body could include global agencies, countries involved, executive says

    China Investment Corporation, the country's sovereign wealth investment fund, is seeking global partners to jointly establish a special cross-border investment instrument which will further finance Belt and Road projects, said a senior company executive.

    "We call it the Belt and Road cooperation fund," Tu Guangshao, CIC vice-chairman and president, said in an exclusive interview. Other arrangements, including the fund's scale, specific investment methods and investment currency, are all "too early to be determined".

    A cooperation fund usually selects projects and makes investment decisions based on all shareholders' common interests. A legal framework and clear governance structure will be set at the initial stage. This method could also avoid investment destination countries imposing restrictions on any single fund member.

    The fund's potential shareholders may cover international organizations and countries along the BRI routes, Tu told China Daily last week when he attended the annual session of the Chinese People's Political Consultative Conference in Beijing.

    "The fund will be a new way to inject capital into BRI projects, facilitate international cooperation and share mutual benefits."

    [Photo/VCG]

    As Belt and Road construction advances, there is a rising need for fundraising and infrastructure development in participating economies in Asia, the Middle East, Europe and Africa.

    But some countries worry that BRI projects may create debt traps for nations seeking funds. Their concerns have led to delays and reductions in some proposed projects.

    As a response, State Councilor and Foreign Minister Wang Yi said earlier this month that, "Plenty of facts are proof that the BRI is not a debt trap that some countries may fall into, but an economic pie that benefits local populations. It is not a geopolitical tool but a great opportunity for shared development."

    David Lubin, an economist at Citigroup, is concerned that China alone may lack the capacity to meet the megaproject's investment goals. So the country needs to accumulate global resources to finance BRI projects.

    Through the fund, according to analysts, China may convince more global investors to join long-term and high-cost BRI projects such as ports and railways.

    Infrastructure investors are finding new ways to recycle capital, as financing costs rise in some traditional ways, such as rising interest rates for bank loans, said the Asian Infrastructure Investment Bank.

    To improve international cooperation in BRI investment, "Sponsors should work to counter increased caution against globalization and trade, as increased geopolitical tensions are also likely to boost these sentiments," said Principal Economist Jang Ping Thia at AIIB.

    "This underscores the need for projects to be of high standards, with good governance transparency and openness. For projects fostering regional connectivity, there will be a need to ensure mutual benefits and respect for countries' concerns," he said.

    CIC began exploring new investment methods in 2017. It aims to diversify overseas investments and share risks. The latest manifestation of this was the establishment of the China-Japan Cooperation Fund, a bilateral fund, in October 2018.

    The China-Japan fund aims to invest in companies from both countries, as well as in "third-party countries". Investment sectors include manufacturing, communication and media, healthcare, and consumer goods and services, CIC said.

    The China-Japan Cooperation Fund's scale is expected to be $1 billion. Other similar investment mechanisms, including the 1 billion euro ($1.13 billion) China-France fund, is under preparation, said Tu. "We are also considering transferring part of the bilateral funds into the Belt and Road fund."

    CIC, the country's $940 billion sovereign wealth fund, is also a shareholder of the Silk Road Fund, which mainly provides investment and financing support for BRI projects. CIC now holds a 15 percent share in the Silk Road Fund, which has a total capital of $40 billion and 100 billion yuan ($14.9 billion).

    The Belt and Road cooperation fund will be different from the Silk Road Fund, said Tu, because the latter's sponsors are mainly domestic.

    Taking responsibility for managing part of the country's foreign exchange reserves, CIC seeks maximum returns for its shareholders within an acceptable risk tolerance range. It achieved a record high of 17.59 percent net return on overseas investment in 2017. Its 2018 financial results will be released this summer.

    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
     
  • 万物互联开启智慧新图景 下一代互联网未来已来 2019-08-20
  • 全球第三台“华龙一号”穹顶吊装成功 2019-08-20
  • 合肥庐阳18小区将现“十八变” 4254户居民将受益 2019-08-18
  • 西藏拉萨:新家园 新生活 2019-08-10
  • 滇池治理进入三年攻坚 2019-08-10
  • 你反来复去说1+1=2,真痴呆了?你应该讲点其他的吧,譬如,1+1=2,是客观事实还是规律,是真理还是谬误。 2019-08-03
  • 中医药继承发扬的认识及思考 2019-07-17
  • 端午——网络中国节——黄河新闻网 2019-07-12
  • 端午佳节 听习近平谈弘扬中国优秀传统文化 2019-07-12
  • 《北上广2》朱亚文陈妍希演加料爱情 群戏绎百态人生 2019-07-11
  • 深化对经济工作主线的认识 从供需关系看供给侧结构性改革 2019-07-11
  • 美媒:解放军已成为现代化军队 目光已越过大西洋 2019-07-06
  • 丰台东铁匠营街道:品粽赏乐感受改革开放四十周年 2019-07-06
  • 2017空调产业报告显示:线上零售额占比攀升 2019-07-05
  • 端午——网络中国节——黄河新闻网 2019-06-27
  • 山东11选5技巧 20191024123期历史记录 广西体彩十一选5一定牛 黑龙江福彩36选7走势图大星 北京快乐8单双预测 双色球大奖真与假 广东十一选五的中奖号码 黑龙江22选5奖池多少 彩票11选五内蒙 广西快乐10分助手 二分彩app 三十二张扑克牌九技巧 山西11选5前三基本走势 赛马会原创四肖中特 双色球20年规律走势图