和谐英语

您现在的位置是:首页 > 英语听力 > CRI News

正文

CRI听力:Post-investment management key to Belt and Road Initiative: analysts

2017-06-04来源:CRI

The Chinese government's Belt and Road initiative, as well as the country's financial policies, are the focus of a Global Finance Forum which kicked-off on Saturday at Tsinghua Univerity in Beijing.

Hundreds of academics and industry leaders from both home and abroad are set to wrap up the weekend session later on this Sunday.

Analysts are predicting that the China inspired Belt and Road Initiative will shape the global economic market for years to come.

The project brings together more than sixty countries across Asia, The Middle East, Europe and Africa in infrastructure, Trade and cultural development and cooperation.

With its far-reaching scope and influence on global markets, academics and financiers are now waking up to the post-investment management issues relating to the Belt and Road Initiative.

Speaking at the start of the financial forum hosted by the Tsinghua University in Beijing, Tu Guangshao, president of China Investment Corp says post-investment management strategy of the Belt and Road Initiative will be the key to its success.

"Investment decisions are very important, but post - investment management is more important. China's overseas investment, from the actual experience of my company, investment management is a short board. This is not only our problem, but also applies to all Chinese enterprises who are investing overseas. The after-management is a key challenge for all. Therefore, to build a better post management system is the prime task for all of us."

China established a 40 billion US dollar Silk Road Fund in early 2014 to finance the scheme's infrastructure projects, including the creation of six economic corridors by building roads, railways, pipelines and highways. Additional financing will come from the Asian Infrastructure Investment Bank, known also as the AIIB, and the New Development Bank.

The UK was the first Western country to seek to become a founding member of the AIIB. Adair Turner, former Chairman of the British Financial Services Authority, and director general of the influential Confederation of British Industry, says post-management was actually preinstalled before the contract was signed, as was how to keep the initial contract.

"It's very easy in an infrastructure project to do the initial capital investment very cheap and the expansive high maintenance later. So, good long-term infrastructure investors are always thinking all about these issues and the whole of the contract, and length, and how to manage the contract." 

Pre-investment research on target countries is underway. Official data shows China has invested more than 50 billion US Dollars in countries along the Belt and Road since the initiative was first proposed in 2013.

Now supported by over 100 countries and international organizations, analysts forecast the initiative will be "better than expected."

For CRI, I'm Min Rui.