What's news
China Daily | Updated: 2015-06-25 07:39
Governments and policies
CITIC Group firms to support Belt and Road
The CITIC Group on Wednesday announced a total of more than 700 billion yuan ($115 billion) in investment and financing support for the Belt and Road Initiatives. China CITIC Bank, CITIC Securities, CITIC Trust and several others are among the companies involved. CITIC Bank alone offered more than 400 billion yuan, and it plans a fund for the Belt and Road with initial capital of 20 billion yuan. The money from the group will be spent in at least 10 countries on infrastructure, environmental protection, new energy, agriculture and education.
Photo
