The Export-Import Bank of China has stepped up financial support for the implementation of the Belt and Road Initiative, said Dai Peng, general manager of the bank's executive office.
Tax treaties with countries along the "Belt and Road" will save financial institutions in China 9.6 billion yuan (about $1.5 billion) in taxes, according to the State Administration of Taxation.
China has launched a fund that is expected to raise around $16 billion for gold-related investments, including developing gold mining projects, as part of the "Belt and Road Initiative".
China is adopting a more welcoming attitude for the Trans-Pacific Partnership (TPP), a US-led free-trade agreement now being negotiated by 12 countries.
Silk Road Fund, the recently launched Chinese investment fund, signs today an equity investment agreement with ChemChina to hold a 25% stake in CNRC International Holding (HK) Limited ("CNRC HK").
It is expected that the AIIB will be formally established by the end of 2015, after the prospective founding members have signed and ratified the Articles of Agreement.
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.
President Xi Jinping said Monday the signing of the Asian Infrastructure Investment Bank (AIIB) agreement is a historic step forward in building the China-initiated multilateral bank.
Shi Yaobin, China's deputy minister of finance, held a media briefing on the AIIB. Here are some highlights.
A successful AIIB would let China show that it can both shape and operate within rules-based international organizations, China’s finesse at navigating the international economic system.
US participation in the AIIB will be very much in the interest of American companies, cities and states, and Washington itself.
The Bank of China's (BOC) Abu Dhabi branch listed here on Wednesday its two billion yuan ($322 million) bonds for the Belt and Road initiative on Nasdaq Dubai, the Middle East's only international exchange.
