At the China -Singapore Financial Summit on November 2nd, Huang Hong, vice chairman of the CBRC, said that since the proposal of the Belt and Road Initiative, Chinese banks have participated in 2,600 construction projects in the Belt and Road Initiative and issued a total of $ 20 billion in loans., Equipment exports and other fields; at the same time, vigorously develop external labor personnel, corporate property insurance, and various types of work injury insurance to provide insurance for enterprises to participate in the Belt and Road Insurance.
The interconnection of finance is the key to lsquo; the key to rsquo; interconnection, which is conducive to the financing costs of countries along the line, improve market efficiency, better develop natural resources and financial resources of countries along the route, and form the ocean of funds.Huang Hong said.
According to Huang Hong, the current Chinese -funded institutions have achieved remarkable results. 11 Chinese banks have set up 71 first -level branches in 27 Belt and Road countries. Chinese -funded insurance companies are in Hong Kong, Macau, Singapore, Indonesia and other countries and regions.All business institutions have been established; in terms of introduction, Huang Hong said that financial institutions of countries along the Belt and Road are welcome to come to China to carry out business. At present, 55 banks in 27 countries along the route have set up institutions in China.
In addition, Huang Hong specifically mentioned that China -Singapore (China and Singapore) financial interconnection is a key node for financial interconnection.
China and Singapore have outstanding achievements in interconnection. Singapore is one of the first choice destinations for Chinese -funded enterprises to go out.Huang Hong said that Singapore has established three shareholders and a life insurance company in China. Seven Chinese banks have set up first -level branches in Singapore, and three Chinese -funded insurance institutions have established business institutions in Singapore.huge.Among them, as of the end of September this year, the banking industry has supported the China -Singapore Chongqing Demonstration Project Credit. It has exceeded 20 billion yuan; Ping An Group has participated in the issuance of China New Chongqing Interconnection Equity Investment Fund and subscribed for 8 billion yuan in the first phase.
For the future, Huang Hong said that in terms of co -construction of the Belt and Road, the bank insurance industry still needs unremitting efforts. There are five main aspects: First, according to the central deployment, the CBRC has launched 15 to expand the opening of the bank insurance industry.Entry and regulatory amendments are being advanced simultaneously; second, we must work hard on innovative services; third, we must work hard and control risks; fourth, we must work hard in accordance with laws and regulations. Bank insurance institutions should strictly abide by international rules and local laws and regulations.Adhere to high -standard business leadership and resolutely oppose unfair competition; Fifth, we work hard to take the responsibility and obliges to go out to go out to strengthen the management of environmental and social risks, and safeguard the rights and interests of the people of the host country.■
