Key fields of BRI: financial integration
Financial integration is an important pillar of Belt and Road cooperation. Participating countries and relevant institutions have carried out multiple forms of financial cooperation, created new models, expanded the channels, diversified the parties involved, and improved the mechanisms for investment and financing.
They have promoted policy-based finance, development finance, commercial finance, and cooperative finance to support Belt and Road cooperation, and worked to build a long-term, stable and sustainable investment and financing system that keeps risks under control.
They have built a financing policy framework for high-quality development of the Belt and Road Initiative (BRI), jointly implemented the Guiding Principles on Financing the Development of the Belt and Road, and jointly promoted the application of the Debt Sustainability Framework for Participating Countries of the Belt and Road Initiative.
They have given full play to the role of various types of loans and RMB financing windows, the Silk Road Fund, and various special investment funds for the joint development of the BRI to support various financial institutions in participating in project investment and financing.
They have encouraged multilateral development institutions to engage in joint financing with participating countries through bilateral and multilateral cooperation platforms.
They have made efforts to standardize the implementation of equity investment and Public-Private Partnership (PPP) project financing, and fully leverage the driving role of public funds to mobilize the participation of long-term capital and private-sector capital.
The BRI has improved the global financial safety network, strengthened international cooperation in financial regulation, accounting and auditing supervision, taxation, and anti-corruption, and enhanced risk resistance.
