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Banks help to cut global risks

By Jiang Xueqing | China Daily | Updated: 2017-10-13 08:02

Belt and Road expansion plans of Chinese firms to get a boost

An increasing number of Chinese companies are seeking help from banks with a wide global network, local expertise and a deep understanding of the China market, as their interest in expanding in the economies related to the Belt and Road Initiative keeps growing along with concerns over risks.

According to a recent survey on more than 220 Citigroup clients attending the bank's Belt and Road Forum in Beijing, about 66 percent of them consider political and regulatory risks as the greatest concern when entering new territories, followed by counterparty/partner risks (16 percent), currency risks (10 percent), and funding and liquidity risks (8 percent).

Banks help to cut global risks

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