Name: Niu Jianjun, Assistant to President, Shaanxi Branch, Industrial and Commercial Bank of China

Title: Opportunities and Challenges Faced by the Financial Industry While Supporting the Belt and Road Initiative

Abstract:

Against the backdrop of sluggish global recovery and deepening economic globalization and regional integration, China-proposed Belt and Road Initiative not only offers a new idea for rebalancing and redevelopment of the global economy, but also provides more room for development and fresh business opportunities for the financial industry.

Although finance can play an important role in investment and construction of the Belt and Road, it also faces difficulties such as the instability of the global economic recovery, complexity of the environment along the Belt and Road, and infrastructure featuring the characteristics of public goods.

Therefore, in order to better play the role of financial support, I am making the following suggestions:

1. Strengthening the top-level design for financial cooperation.

2. Giving all parties involved a full play.

3. Using financial instruments in combination with fiscal measures.

4. Coordinating various financing channels.

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