More avenues being considered for Belt and Road funding
China is seeking to bring various financial institutions, international enterprises and funding sources together to get projects rolling in economies involved in the Belt and Road Initiative, said senior executives at Standard Chartered Bank.
"The National Development and Reform Commission has sent a clear message that China hopes outbound investments in Belt and Road projects will be commercialized, rather than having only Chinese companies and domestic policy banks involved and relying solely on money and manpower from China," said Jean Lu, head of Global Banking at Standard Chartered China.
"We are willing to cooperate and share our resources with other financial institutions to ensure they are able to provide one-stop financial services to their clients," Lu said at a recent media briefing.