(I) Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is an intergovernmental multilateral development institution in the Asian region. It focuses on supporting infrastructure construction. Its purpose is to promote the process of regional connectivity and economic integration in Asia and strengthen cooperation between China and other Asian countries and regions. It is the first multilateral financial institution initiated by China. It is headquartered in Beijing with a statutory capital of US$100 billion, of which China contributed US$50 billion. As of October 28, 2021, the AIIB has 104 formal members.
(II) Silk Road Fund
The Silk Road Fund is a medium- and long-term development investment fund jointly funded by China’s foreign exchange reserves, China Investment Corporation, the Export-Import Bank of China, and the National Development Bank. It is established in accordance with the principles of marketization, internationalization, and specialization. It focuses on finding investment opportunities in the development process of the “Belt and Road” and providing corresponding investment and financing services.
The Silk Road Fund was officially registered on December 29, 2014. Its purpose is to serve the “Belt and Road” and promote connectivity.
(III) Export-Import Bank of China
The Export-Import Bank of China is a state-owned policy bank established with state capital, directly under the leadership of the State Council, supporting China’s foreign economy, trade, investment and international economic cooperation, and has independent legal status. Relying on national credit support, it actively plays an important role in stabilizing growth, adjusting structure, supporting foreign trade development, and implementing the “going out” strategy, increasing support for key areas and weak links, and promoting the sustained and healthy development of the economy and society. As of the end of 2021, it has 32 operating branches and a representative office in Hong Kong in China. Overseas, it has a branch in Paris, a representative office in Southeast Africa, a representative office in St. Petersburg, and a representative office in Northwest Africa.
Business scope covers:
1. Approved to handle short-term, medium-term and long-term loans in the fields of foreign trade and “going out”, including export credit, import credit, foreign contracting project loans, overseas investment loans, preferential loans for Chinese government foreign aid and preferential export buyer’s credit, etc.
2. Handle special loans designated by the State Council;
3. Handle 3 types of projects and RMB matching loans in the re-loan (re-grant) business of foreign governments and international financial institutions;
4. Absorb deposits under credit customers;
5. Issue financial bonds;
6. Handle domestic and foreign settlement and foreign exchange settlement and sales business;
7. Handle trade financing business in other forms such as letters of guarantee, LIC, forfaiting, etc.
8. Handle entrusted loan business related to foreign trade;
9. Handle guarantee business related to foreign trade;
10. Handle approved foreign exchange business;
11. Buy, sell, act as agent for buying and selling, and underwrite bonds;
12. Engage in interbank lending and deposit business:
13. Handle credit investigation, consulting, evaluation, and witnessing business related to financial business;
14. Handle bill acceptance and discounting;
15. Act as agent for payment and collection and insurance business:;
16. Buy, sell, and act as agent for buying and selling financial derivatives;
17. Asset securitization business; 18. Corporate financial advisory services;
19. Organize or participate in syndicated loans;
20. Overseas branches operate banking businesses permitted by local laws within the scope of authorization of the Export-Import Bank of China;
21. Carry out equity investment and leasing business in the form of a subsidiary after approval in accordance with procedures;
22. Other businesses approved by the banking regulatory authority of the State Council.