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China-Central And Eastern Europe Investment Cooperation Fund
The China-Central and Eastern Europe Investment Cooperation Fund (China-CEE Fund) is the investment component of the Cooperation between China and Central and Eastern European Countries framework, a diplomatic initiative to enhance cooperation between China and Central and Eastern European Countries, a region in China's Belt and Road Initiative. The initial China-CEE Fund was established in 2013. Building on the success of the first fund, a second one was created in 2017. The Sino-CEEF Holding is another investment cooperation fund created out of the same framework. While the China-CEE Fund is supported by the Export Import Bank of China, a policy bank, the Sino-CEEF Fund is backed by seed money from ICBC, a Chinese commercial bank. Fundraising The first stage of the China-CEE Fund was announced in 2012 with a scale of US$500 million by then Chinese Prime Minister Wen Jiabao as part of "Twelve Measures for Promoting Friendly Cooperation with Central and Eastern European Countri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperation Between China And Central And Eastern European Countries
Cooperation between China and Central and Eastern European Countries (China-CEE, China-CEEC, also 14+1; formerly 17+1 from 2019 to 2021 and 16+1 from 2021 to 2022) is an initiative by the Chinese Ministry of Foreign Affairs to promote business and investment relations between China and 14 countries of Central and Eastern Europe (CEE, CEEC): Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Greece, Hungary, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Slovenia. Format The format was founded in 2012 in Budapest to push for cooperation of the "16+1" (the 16 CEE countries and PRC). In 2019 at Dubrovnik Summit Greece joined the grouping, while in 2021 Lithuania left it. The 16+1 meet annually; summits were held in Dubrovnik (2019), Sofia (2018), Budapest (2017), Riga (2016), Suzhou (2015), Belgrade (2014), Bucharest (2013) and Warsaw (2012). The China-CEE secretariat is in Beijing, with 16 "national coordinators" in each of the partner CEE cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belt And Road Initiative
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" ( zh, 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. , 149 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Central A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export Import Bank Of China
The Export–Import Bank of China (Chexim - China Exim Bank) () is one of two institutional banks in China chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provide policy financial support so as to promote the export of Chinese products and services. Established in 1994, the bank is subordinated to the State Council. In 2022, the bank signed an agreement with Hong Kong realtor group ESR Group and to invest in Asean infrastructure projects. Mission The bank is a policy bank and along with other Chinese policy institutions like China Development Bank and Sinosure implement the economic policies of the government. The focus of the bank is to promote foreign trade and investment. Commercial lending forms the backbone of the bank. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Policy Bank
Policy banks of China (), policy lenders or institutional banks refer to two Chinese banks set up by State Council of China in 1994, namely The Export–Import Bank of China (Exim) and the Agricultural Development Bank of China (ADBC). The two banks aim at implementing economic policies of the government and conducting non-profit businesses in particular sectors. China Development Bank (CDB) used to be one of such banks before its shift to a corporation in 2008. Each of the two is dedicated to a specific lending purpose. ADBC provides funds for agricultural development projects in rural areas and Exim Bank of China specializes in trade financing, investment and international economic cooperation. The former member CDB specializes in financing of infrastructure, energy and transportation. Other non-bank financial institutions are referred to as policy entities. Sinosure is described as "China's only policy-oriented insurance company" and offers insurance products for Chinese exp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICBC
Industrial and Commercial Bank of China Limited (ICBC; ) is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets, (31 December 2020, US$4.324 trillionFrancis Garrido & Saqib Chaudhry (2019) â€The world's 100 largest banks published 5 April 2019 by S & P Global – accessed 8 February 2020), ICBC was positioned at 1st in The Bankers Top 1000 World Banks ranking, every year from 2012, and first (2019) on the Forbes Global 2000 list of the world's biggest public companies. Furthermore, ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. It is considered a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wen Jiabao
Wen Jiabao (born 15 September 1942) is a retired Chinese politician who served as the Premier of the State Council from 2003 to 2013. In his capacity as head of government, Wen was regarded as the leading figure behind China's economic policy. From 2002 to 2012, he held membership in the Politburo Standing Committee of the Chinese Communist Party, the country's ''de facto'' top power organ, where he was ranked third out of nine members and second only to President Hu Jintao and Chairman Wu Bangguo of the Standing Committee of the National People's Congress. He worked as the chief of the General Office of the Chinese Communist Party between 1986 and 1993, and accompanied Party general secretary Zhao Ziyang as Zhao's personal secretary to Tiananmen Square during the 1989 Tiananmen Square protests and massacre, where Zhao called on protesting students to leave the square and after which Zhao was removed from his position within the Party. In 1998, Wen was promoted to the pos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budapest
Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population of 1,752,286 over a land area of about . Budapest, which is both a city and county, forms the centre of the Budapest metropolitan area, which has an area of and a population of 3,303,786; it is a primate city, constituting 33% of the population of Hungary. The history of Budapest began when an early Celtic settlement transformed into the Roman town of Aquincum, the capital of Lower Pannonia. The Hungarians arrived in the territory in the late 9th century, but the area was pillaged by the Mongols in 1241–42. Re-established Buda became one of the centres of Renaissance humanist culture by the 15th century. The Battle of Mohács, in 1526, was followed by nearly 150 years of Ottoman rule. After the reconquest of Buda in 1686, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Li Keqiang
Li Keqiang (born 1 July 1955) is a Chinese politician who is the outgoing premier of China. An economist by profession, Li is head of China's executive branch as well as one of the leading figures behind China's Financial and Economic Affairs, Foreign Affairs, National Security and Deepening Reforms. He was also the second-ranked member of the Politburo Standing Committee of the Chinese Communist Party (CCP), the ''de facto'' top decision-making body of the country from 2012 to 2022. Li is a major part of the " fifth generation of Chinese leadership" along with Xi Jinping, the CCP general secretary. Li rose through the ranks through his involvement in the Communist Youth League. From 1998 to 2004, Li served as the governor of Henan and the province's party secretary. From 2004 to 2007 he served as the Party Secretary of Liaoning, the top political office in the province. From 2008 to 2013, Li served as the first-ranked vice premier under then-premier Wen Jiabao, overse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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