BEIJING, Dec. 27 (Xinhua) -- Policy-based financial institutions in east China's Shandong Province have provided active support to enterprises in their overseas investment along Belt and Road routes this year, according to yidaiyilu.gov.cn on Tuesday.
The Jinan Branch of the People's Bank of China (PBOC) has registered 55 investment projects in the countries along Belt and Road routes, with a total investment of 1.28 billion U.S. dollars, an increase of 1.7 times over the previous year.
Shandong Branch of China Development Bank (CDB) has developed six reserve projects under Belt and Road Initiative, worth 2.3 billion U.S. dollars.
Loans of Shandong Branch of the Export-Import Bank of China (China EximBank) have totaled 32 billion yuan so far this year, an increase of 10.3 billion yuan from the beginning of the year.
In addition, the Shandong Branch of China Export and Credit Insurance Corporation (Sinosure) supported the export of the local enterprises’ general trade to the countries along Belt and Road routes with a total value of 6.86 billion U.S. dollars, accounting for about 25 percent of the total export value in Shandong. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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