Pledge made to support 'One Belt One Road'

Bank of China Ltd will accelerate the implementation of its strategies to promote the New Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives next year.

The bank is planning to extend credit of no less than $20 billion to the "One Belt and One Road" related projects in 2015, and $100 billion over the next three years, in an effort to make it the main financial artery for the initiatives, said Lin Jingzhen, general manager of the bank's corporate banking department in Beijing on Tuesday.

"We believe that the 'One Belt One Road' initiatives are a major national strategy that has both economic and strategic significance," Lin said.