BEIJING, Nov. 25 (Xinhua) -- A bilingual casebook that introduces efforts of Agricultural Bank of China (ABC) in contributing to development of Belt and Road Initiative (BRI) partner countries debuted recently.
The Chinese-English casebook, consisting of both stories and pictures, presents 10 concrete cases of ABC's innovative cross-border financial products, services and cooperation with overseas partners.
Photo shows the cover of the ABC casebook.
Since 2013 when the BRI was proposed, ABC has been a proactive participant in BRI-related financial cooperation, enabling local development in BRI partner countries with optimized financial products and deeper multi-party cooperation.
For instance, Sino-Congolese Bank for Africa (BSCA), a joint venture in which ABC holds a 50-percent stake, is offering daily financial services to people in the Republic of the Congo now.
In the Middle East, ABC Dubai Branch took part in funding the Mohammed bin Rashid Al Maktoum Solar Park, one of the world's largest solar-plus-storage projects sitting in the vast desert of Dubai, the United Arab Emirates (UAE).
In Southeast Asia, its Singapore branch facilitated New Hope Group, a Chinese agricultural and food enterprise, in expanding businesses across southeastern Asia via a swift club loan in which it was one of the lead lenders.
In South America, ABC Hunan Branch adopted a mode featuring domestic issuance of letter of guarantee and loan disbursement to rein in exchange rate risk and help the Brazilian subsidiary of Yuan Longping High-tech Agriculture explore local seed market.
Such cases are merely part of ABC's efforts to delve deeper into the overseas market and serve global entities.
From inclusive finance in Africa to green infrastructure in the Middle East and Southeast Asia or tech-enabled agriculture in South America, ABC is committed to driving win-win cooperation through breaking financing bottlenecks and connecting market resources. By the end of June 2025, ABC boasted 13 overseas branches and four representative offices abroad.
In the future, the Chinese lender will continue to pump through financial services vitality into the real economy to contribute to building an open world economy.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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