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Silk Road Fund
The Silk Road Fund ( zh, s=丝路基金, t=, p=) is a state-owned investment fund of the Chinese government to foster increased investment in countries along the One Belt, One Road, an economic development initiative primarily covering Eurasia. The Chinese government pledged US$40 billion for the creation of the investment fund established on 29 December 2014. Personnel The senior executives are all from four shareholders and officials from People's Bank of China have taken most of the posts as the biggest holder, State Administration of Foreign Exchange, is a subordinate body of the Central Bank. For instance, the chairman of board of directors, Jin Qi, was formerly the assistant governor of the People's Bank of China. And the most important executive post, General Manager, was assigned to Wang Yanzhi, the Director of Foreign Exchange Reserves to Entrust Loan Office of State Administration of Foreign Exchange. The structures of board of directors and supervisors repre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Street
Beijing Financial Street (BFS) () is where Chinese regulatory agencies are located. It is located inside Beijing's innermost 2nd Ring Road. According to the 13th 5 years plan, Beijing Financial Street will be positioned more towards a regulatory agencies' precinct. The central bank's headquarters as well as three national regulatory commissions of the central government are located here. They are the People's Bank of China (PBoC), the China Banking Regulatory Commission (CBRC), the China Securities Regulatory Commission (CSRC), and the China Insurance Regulatory Commission (CIRC). Beijing Financial Street is being developed by Beijing Financial Street Holding Company, Ltd. The architectural firm of Skidmore, Owings & Merrill; along witSWAlandscape architects prepared the urban plan, landscape and the building design guidelines for the Central Park area of Financial Street currently in construction with build-out scheduled for 2008. The building facilities are designed around ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Administration Of Foreign Exchange
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China. The current director is Pan Gongsheng. Role SAFE's existence and role were initially closely guarded secrets, its subsidiaries were minor, but the funds under management have increased significantly in recent years. They were responsible for running SAFE's portfolio across the various time zones, replicating the investments of head office in Beijing.Jamil AnderliniChina investment arm emerges from shadows, ''Financial Times'', 5 January 2008 SAFE created and controlled the Central Huijin Investment, but in September 2007, it ceded control to the newly formed sovereign wealth fund, China Investment Corporation. With ... [...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] |
China Investment Corporation
China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. China's largest sovereign wealth fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$941 billion in 2017 and US$1.2 trillion in 2021. History As of 2007, the People's Republic of China has US$1.4 trillion in currency reserves. (By 2013, US$3.44 trillion.China Investment Corporation Profile Sovereign Wealth Fund Institute. July 2, 2008. Retrieved August 27, 2013.) The China Investment Corporation was established with the intent of using these reserves for the benefit of the state, modeled a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.CDB History Archived Debts issued by the China Development Bank are owned by local banks and treated as risk-free |
One Belt, One Road
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 As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Bank Of China
The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by the People's Bank Law and the Commercial Bank Law. It is a cabinet-level executive department of the State Council. History The bank was established on December 1, 1948, based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. The headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the only bank in the People's Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies. From 1952 to 1955 government shares were added to private banks to make state-p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mombasa–Nairobi Standard Gauge Railway
The Mombasa–Nairobi Standard Gauge Railway is a standard-gauge railway (SGR) in Kenya that connects the large Indian Ocean city of Mombasa with Nairobi, the country's capital and largest city. This SGR runs parallel to the narrow-gauge Uganda Railway that was completed in 1901 under British colonial rule. The East African Railway Master Plan provides for the Mombasa–Nairobi SGR to link with other SGRs being built in the East African Community. At a cost of , the SGR was among Kenya's most expensive infrastructure projects as at the time it was launched. The prime contractor was the China Road & Bridge Corporation CRBC, which hired 25,000 Kenyans to work on the railway. CRBC's holding company, China Communications Construction Company is contracted to operate the line for its first five years. As of 2020, railway operation expenses exceeded revenues. An extension from Nairobi to Suswa was completed in October 2019 extending the line's length to approximately . The first far ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karot Hydropower Project
The Karot Hydropower Project is an asphalt-core rockfill gravity dam in Pakistan, with an installed capacity of 720 MW. The project is sponsored by Chinese state-owned company China Three Gorges Corporation (CTG). It is the first investment project of the Silk Road Fund, and is part of the much larger China–Pakistan Economic Corridor (CPEC). The construction works were 88% complete as of May 2021.The project was successfully commissioned on June 29, 2022. Location The Karot Hydropower Project is planned on Jhelum River near Karot village, some 1.7 kilometers upstream of Karot Bridge and 74 km upstream of Mangla Dam. The Project site is accessible through the Islamabad – Kahuta – Kotli road, approximately 29 kilometers from Kahuta, and 65 kilometers from Islamabad. History The Jhelum River is the largest river of Indus Basin River System, and its hydropower potential was identified by various studies carried out by international agencies, with the first report issue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sabetta
Sabetta (russian: Сабетта) is the location of a port and liquified natural gas (LNG) plant—Yamal LNG—on the Yamal Peninsula, in the north of Russia along the Northern Sea Route. Location The site chosen for the port is on the western shore of the Ob estuary, on the Yamal peninsula. It is close to, and will serve, the Yuzhno-Tambeyskoye gas field. Project The port is a joint venture between Novatek—a large producer of natural gas—and the Russian government. The groundbreaking ceremony was held in July 2012, but construction of the port itself was scheduled to begin in the summer of 2013. The project includes a large LNG plant, capable of producing 16.5 million tons of LNG per year. The port would allow LNG to be exported by sea, year round, from Siberian oil & gas fields. Construction of the LNG plant itself is contracted to JGC and Technip. A 180 km railway line is being built, connecting Bovanenkovo to Sabetta. In December 2014, amid the 2014–15 Russian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yamal Peninsula
The Yamal Peninsula (russian: полуостров Ямал, poluostrov Yamal) is located in the Yamalo-Nenets Autonomous Okrug of northwest Siberia, Russia. It extends roughly 700 km (435 mi) and is bordered principally by the Kara Sea, Baydaratskaya Bay on the west, and by the Gulf of Ob on the east. At the northern end of this peninsula lie the Malygina Strait and, beyond it, Bely Island. Across the river lies the Gyda Peninsula. In the language of its indigenous inhabitants, the Nenets, "Yamal" means "End of the Land". The Yamal peninsula is inhabited by a multitude of migratory bird species. The well-preserved remains of Lyuba, a 37,000-year-old mammoth calf, were found by a reindeer herder on the peninsula in the summer of 2007. The animal was female and was determined to be one month old at the time of death. Geography The peninsula consists mostly of permafrost ground and there are numerous lakes of thermokarst origin, the biggest of which are Neito and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
