The Asian Infrastructure Investment Bank has just held its second annual meeting in Jeju, South Korea. This article discusses the meeting’s key resolutions, including expanded membership and co-financing initiatives.
The article discusses the progress made concerning the introduction of tax harmonization within the Eurasian Economic Union, the recently formed trade bloc that features Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.
China’s New Silk Road Route: OBOR, The Long & Winding Road (PwC) Can OBOR Be Made To Work For Countries Other Than China? (The Wire) How Japan, India And The TPP Could Challenge China In Asia (The Asset) China’s OBOR Makes Marshall Plan Look Tiny (Value Walk) Vietnam Convergence On Belt & Road Infrastructure Projects[…..]
China’s OBOR projects, thus far well illustrated by the Official OBOR Portal, have been exclusively driven by Chinese State Owned Enterprises. This article discusses the shortcomings of such a policy and makes the case for international private sector participation.
Philip Klinkmüller, a financial partner with German based Hopf-Klinkmüller Capital Management has stated there is a visible trend in China and Russia to buy more bullion to end their dependency on the US dollar, and has suggested that over the next two decades global financial markets will see a significant devaluation of the US Dollar.[…..]
Hong Kong’s CITIC Bank International has completed the purchase of 60% of equity in Kazakhstan’s Altyn Bank from its majority Kazak owner, the Halyk Bank for an undisclosed amount. It marks the first time that China has invested in Kazakhstan’s banking sector. CITIC Bank International is a Hong Kong based bank controlled by mainland CITIC[…..]
Bigger Shanghai Co-Operation Organization May Be Game-Changer (Asia Times) Travel The Silk Road At Your Peril (The Asset) NASDAQ Signs Technology Agreement For Kazak Exchange (Astana Times) How The Gulf States Row Is Blocking China’s New Silk Road (South China Morning Post) Indian Drug Companies To Start Work In Irkutsk (Sputnik) Sri Lanka Benefits From[…..]
Nepal is in talks with China to build a cross-border rail link that may cost up to USD8 billion, with groundwork and funding to be expected after Nepal formally signed up to Beijing’s Belt and Road initiative, a Nepali finance ministry official has stated. Yug Raj Pandey, an under-secretary at Nepal’s ministry of finance, has[…..]
Germany’s Deutsche Bank has signed an agreement with the China Development Bank http://www.cdb.com.cn/English/ (CDB) to co-finance US$3 billion worth of infrastructure projects within China’s One Belt, One Road initiative. A memorandum of understanding was signed in Berlin on May 31st, ahead of the EU-China Summit in Brussels. The two banks expressed their interest in promoting[…..]
Despite all the hype, China’s actual designated spending from its recently established, and internationally subscribed Asian investment banks has only reached a figure of less than 2% of the actual capital raised. In a survey carried out by Silk Road Briefing, it became apparent that institutions such as the Asian Infrastructure Investment Bank, BRICS New[…..]