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Support pledged for Belt and Road

The country's financial watchdogs pledged to offer financial support for the sustainable development of the Belt and Road Initiative, ahead of a high-level international meeting. Funding of projects related to the initiative should be raised through a market-oriented, sustainable and mutually beneficial investment and financing system. That's according to central bank governor Zhou Xiaochuan, writing in the latest edition of China Finance, a leading industry magazine managed by the bank. Zhou said that no single country could afford to finance all the projects alone, and it would take mutual efforts from economies involved in the initiative to offer long-term, sustainable financial support. Fang Xinghai, deputy head of China's top securities watchdog, also wrote in the magazine that they will encourage outstanding Belt and Road-related enterprises to go public in China and overseas markets, to finance major projects.

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