BEIJING, March 15 (Xinhua) – Chinese policy lender the Export-Import Bank of China (China Exim Bank) will pour more efforts to support the Belt and Road construction, reported Shanghai Securities News citing its chairman Hu Xiaolian on Friday.
The bank will also work on attracting multiple parties to add input into the Belt and Road construction in next step, noted Hu, saying that part of projects for building the Belt and Road still lack funds at present.
To solve the fund gap, governments, international capital and private capital are expected to be fully motivated and government-social capital cooperation shall be actively explored to invigorate diversified capital sources including credit lending, bond issuance, and equity investment funds.
However, these problems cannot be resolved at one stroke, held Hu, highlighting that communication for better information and business coordination shall be enhanced and the study will be carried out on the establishment of a long-term cooperation mechanism between governments, social organizations, enterprises and financial institutions.
Currently, the bank has set up a set of business system centered upon credit lending with investment, financial leasing, funds, trade finance, and consulting as the complementary business alongside construction of the Belt and Road. Enditem (Edited by Duan Jing, duanjing@xinhua.org)
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