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Policy

China mulling more financial supports for "Belt and Road" initiative, report

November 03, 2015


Abstract : China's regulatory authorities are considering providing more financial supports for China-proposed "Belt and Road" initiative, Xinhua-run Economic Information Daily reported on Tuesday.

BEIJING, Nov.3 (Xinhua) -- China's regulatory authorities are considering providing more financial supports for China-proposed "Belt and Road" initiative, Xinhua-run Economic Information Daily reported on Tuesday.

Apart from the already-established USD40 billion Silk RoadFund, China will set up funds designed to finance "Belt and Road" projects in a specific country, as well as to finance specific industries, according to the report.

Meanwhile, the Export-Import Bank of China, China's state-owned policy bank offering financing toexporters and importers, will step up support for the "Belt and Road" initiative, said the report. (Edited by Ding Lei, dinglei@xinhua.org)

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