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Economy

Standard Chartered keen to support enterprises along Belt and Road Initiative

June 06, 2017


Abstract : The Standard Chartered Bank has said that it's keenly interested in supporting enterprises along the China-proposed Belt and Road Initiative in exploring markets.

中国 宏观 99

DHAKA, June 5 (Xinhua) -- The Standard Chartered Bank has said that it's keenly interested in supporting enterprises along the China-proposed Belt and Road Initiative in exploring markets.

Standard Charted Bank China team has initiated the South Asia and South East Asia roadshow with the theme of "Belt and Road," to leverage this precious opportunity, bank officials told a press conference.

The British multinational bank said it is heavily focusing on enhancing client/external stakeholder communications on the Belt and Road Initiative and organizing roadshows in Association of Southeast Asian Nations (ASEAN), South Asia and Africa region this year in the Belt and Road markets.

Proposed by China in 2013, the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative is aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.

At the press conference, Sebastian Er, director of executive committee of Belt and Road, Standard Chartered Bank China, said, "Standard Chartered has footprints in 46 of the Belt and Road countries, particularly in the regions with the most dynamic activities, including South East Asia, South Asia and Africa.

"Given our 150 years history in many of these regions/countries, we have been involved in supporting Chinese entities doing their business smoothly in these countries."

Abrar A. Anwar, chief executive officer of Standard Chartered Bangladesh, said, "Standard Chartered Bangladesh has been involved in facilitating Chinese investment into Bangladesh economy and has been acting as a bridge between Chinese investors and investment opportunities in Bangladesh."

He said the Belt and Road Initiative has the potential to bring about a new era of prosperity for the region and the world.

"We at Standard Chartered feel privileged to consider ourselves a humble part of this vast possibility and are proud to be contributing to the economic development of Bangladesh."

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Keyword: Standard-Chartered-Bank

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