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Economy

53 banks included in regular co-op and exchange mechanism for banks along B&R

April 10, 2018


Abstract : The number of the members under the regular cooperation and exchange mechanism for banks along the Belt and Road has reached 53, the yidaiyilu.gov.cn cited the Industrial and Commercial Bank of China (ICBC) as saying.

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BEIJING, Apr. 10 (Xinhua) -- The number of the members under the regular cooperation and exchange mechanism for banks along the Belt and Road has reached 53, the yidaiyilu.gov.cn cited the Industrial and Commercial Bank of China (ICBC) as saying.

More than 2.5 billion U.S. dollars projects have been mutually recommended through the mechanism, according to the ICBC.

In May 2017 during the Belt and Road Forum for International Cooperation in Beijing, ICBC initiated the establishment of the regular cooperation and exchange mechanism for banks along the Belt and Road. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: Belt-and-road banks

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