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China stresses role of industrial financing in promoting Belt and Road Initiative

Source:chinadaily.com.cn      Time:2017-05-17
 

Cao Wenlian, director of the International Cooperation Center of the National Development and Reform Commission, welcomes the guests and says that financial support plays a vital role in the development of the Belt and Road Initiative. [Photo/provided to chinadaily.com.cn]

An international industrial finance seminar was held during the Belt and Road Forum for International Cooperation in Beijing on May 15, with more than 600 people from more than 20 countries in political, industrial and financial fields attending.

The seminar was aimed at serving the Belt and Road Initiative by bringing together elites from sectors related to industrial finance to share their cooperative experiences and discuss the future development of the initiative.

Cao Wenlian, director of the ICC, welcomed the guests and pointed out financial support's vital role in the development of the Belt and Road Initiative.

Several guests from China and abroad addressed the gathering.

Chen Yuan, vice-chairman of the Chinese People's Political Consultative Conference and president of the Silk-road Planning Research Center, delivers a keynote speech at the international industrial finance seminar on May 15. [Photo/provided to chinadaily.com.cn]

Chen Yuan, vice-chairman of the Chinese People's Political Consultative Conference and president of the Silk Road Planning Research Center, said that in the face of the financing demands of the initiative, financial institutions should prioritize their efforts on combinations of industry and finance.

Chen said the Silk Road Industry and Finance International Alliance, a coalition of companies newly launched by the Silk Road Planning Research Center and the National Development and Reform Commission's the International Cooperation Center (ICC), would promote the implementation of relevant projects to boost the initiative.

Former French prime minister Jean-Pierre Raffarin says that the Belt and Road Initiative is a peace proposal. [Photo/provided to chinadaily.com.cn]

Former French prime minister Jean-Pierre Raffarin considered the Belt and Road Initiative to be a great initiative for peace and development, with international significance.

The collaboration of different industries and the full support of the financial sector are required to promote cooperation between countries, governments, and public and private sectors. In addition to being an economic and finance initiative, most of all the initiative is a peace proposal, he said.

Jiang Zhenghua, former vice-chairman of the National People's Congress, indicates that China and the countries along the Belt and Road have achieved remarkable results on capacity cooperation. [Photo/provided to chinadaily.com.cn]

Jiang Zhenghua, the former vice-chairman of the National People's Congress, indicated that China and the countries along the Belt and Road had achieved remarkable results on capacity cooperation.

He suggested countries continue to advance financial innovation, create an internationalized financing pattern and deepen cooperation in the financial sector, building a long-term stable and sustainable financial guarantee system with controllable risk.

The former prime minister of Egypt Essam Sharaf says that the dream of the Belt and Road Initiative has been gradually turning into reality over the past three years. [Photo/provided to chinadaily.com.cn]

The former prime minister of Egypt Essam Sharaf said that for the past three years the prospects of Belt and Road Initiative has been gradually turning into reality. Linking Asia, Europe and Africa, the initiative is a new way to cooperate, featuring harmony in diversity. As long as they are achieving consensus and advancing hand in hand, countries and regions along the Belt and Road will benefit from this initiative, he said.

Lawrence Wong, minister for national development and second minister for finance of Singapore, says that the Belt and Road Initiative is welcomed in Singapore. [Photo/provided to chinadaily.com.cn]

Lawrence Wong, minister for national development and second minister for finance of Singapore, said that the Belt and Road Initiative was very welcomed in Singapore. As an international financial center, the country, along with other world financial hubs, could provide financial support for the joint construction of the initiative.

A Belt and Road mutual investment book series and a white paper on overseas investment opportunities were published at the forum.

The industrial finance seminar was co-hosted by the Silk Road Planning Research Center, the ICC, the Industrial and Commercial Bank of China and Ernst & Young Global Limited.

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