Jin Rong Shi Bao·2025-08-08 07:55Core Viewpoint - The Bank of Communications has played a significant role in supporting the Belt and Road Initiative (BRI) by providing comprehensive financial services and support for economic development in BRI countries over the past decade [1]. Group 1: Financial Services Provided - The Bank of Communications offers diverse financial services, leveraging its integrated operations in both domestic and international markets to create comprehensive service solutions for BRI projects, including loans, cross-border payments, trade settlements, and foreign exchange hedging [2]. - In 2024, the bank provided the first cross-border RMB loan for the São Simão Hydropower Station in Brazil, introducing an innovative business model that combines domestic loans with cross-border RMB payment systems [2]. Group 2: Market Infrastructure Development - The bank actively promotes the construction of RMB financial infrastructure and factor markets in BRI countries, enhancing the use of RMB in financing and trade settlements for BRI projects [3]. - In 2024, the bank acted as a market maker for RMB against the currencies of 14 BRI countries, participating in over 100 billion USD in currency transactions [3]. Group 3: International Financial Cooperation - The Bank of Communications strengthens collaboration with international financial organizations and multilateral institutions to build a complementary financing system for BRI projects [3]. - The bank provides funding support to various multilateral financing institutions and underwrites BRI-themed bonds in overseas markets, effectively broadening financing channels for BRI projects [3]. Group 4: Policies and Measures for Investment Flow - The bank has established a clear and functional overseas banking network to support BRI initiatives, with a focus on local economic structures and resource endowments [4]. - The Dubai International Financial Center branch opened in November 2024, marking the bank's first branch in the Middle East and enhancing its service capabilities for BRI projects [4]. Group 5: Future Support for BRI - The bank aims to focus on practical cooperation projects, utilizing various financial instruments to support both landmark and smaller-scale projects under the BRI [6]. - It plans to enhance cross-border and offshore financial services, expanding applications in areas like the China-Europe Railway Express and the New Land-Sea Corridor [6]. - The bank will actively support green innovation and sustainable development projects aligned with international standards for green investment [6][7].