Asset management firms see windfall from B&R Initiative

China's Belt and Road Initiative will create new opportunities for the asset management industry in the Asia-Pacific region in the next few years, a new industry report said.

Asset management practitioners should take advantage of the huge opportunities for infrastructure construction in the countries and regions that are related to the initiative, said Ba Shusong, chief economist of the China Banking Association, while releasing the 2017 Asia-Pacific Asset Management Industry Development Trend and Forecast report in Hangzhou on Tuesday.

According to the report, total infrastructure investment in those regions that are part of the initiative would be about 7.3 trillion yuan ($1.1 trillion) between 2017 and 2020. Most of the investment will be used for new projects, with the energy sector accounting for most of the spending.