Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Company

​AIIB to promote more infrastructure investment projects for green future, says president

January 18, 2022


Abstract : The Asian Infrastructure Investment Bank (AIIB) will promote more infrastructure investment projects to expedite inclusive and low-carbon growth, and release capital for a green future based on sustainable capital market initiatives and other financing solutions, reported Shanghai Securities News Monday quoting AIIB president Jin Liqun.

4.png

Photo taken on Jan. 13, 2021 shows the headquarters building of the Asian Infrastructure Investment Bank (AIIB) in Beijing, capital of China. (Xinhua/Li Xin)

BEIJING, Jan. 18 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) will promote more infrastructure investment projects to expedite inclusive and low-carbon growth, and release capital for a green future based on sustainable capital market initiatives and other financing solutions, reported Shanghai Securities News Monday quoting AIIB president Jin Liqun.

Jin made the remarks on January 15 at the Global Asset Management Forum Shanghai Suhewan Summit. He said that AIIB has positioned itself as a green bank with the mission to mobilize more capital for climate change mitigation.

"But we need to do more. Our goal is to increase the cumulative financing for climate change mitigation to 50-odd billion dollars by 2030. By 2030, half of all our new financing will go to the private sector, and private investors will also pour resources into climate finance," said Jin.

Besides, "AIIB will pay special attention to technology-led growth, including digital investment, which relates to connectivity but more than that," Jin disclosed, adding that AIIB would deem infrastructure investment as a mean of connecting less-developed economies to the global economy and disseminating opportunities.

Jin also noted that as a young organization, AIIB has a smaller balance sheet than large financial institutions or funds. "Our main strengths are multilateral nature and governance capacity, and expertise in personnel, environment and social security. Therefore, AIIB is able to affect those challenging fields and conduct work, providing sustainable infrastructure for members' development," he added.

(Edited by Tong Ting, Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: AIIB green future

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial