The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Belt and Road Forum brings clarity but not yet fees

The B&R forum held in Beijing brought a little clarity to a so far rather nebulous concept.



Belt-and-Road-forum-R-600
Brought into focus: Chinese president Xi Jinping welcomes heads of states
to the Belt and Road Forum

The summit in May brought, for example, the commitment of a further RMB780 billion to overseas initiatives in 60 countries, split between the Silk Road Fund, the two policy banks – China Development Bank and China Eximbank – and Chinese commercial banks.

International banks say there are Belt and Road (B&R)-related projects to bid and work on now, in Pakistan for example, though there is already a steady creep of unrelated projects under the umbrella of B&R during bank pitches.

In the past month, one bank has tried to present the mooted Singapore-Kuala Lumpur rail link as a B&R project, and another banker confesses that he just uses the topic in an emergency when conversation with a client dries up: “So, done any Belt and Road lately?”

There’s an argument to be made that B&R is just a slogan for infrastructure that would have been developed anyway. One senior banker calls it a supercharger for an existing theme; another, among the senior leadership of one of China’s largest banks, calls it a paraphrasing of globalization.



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree