Bank of China approved $140 billion of credit for Silk Road projects ...News

Russia Today - Economy
Bank of China approved $140 billion of credit for Silk Road projects
source : Russia Today ( News ) () 51
The Bank of China (BOC) has said that, by the end of June this year, it had approved more than $140 billion of credit and funded over 600 major projects under the Belt and Road Initiative (BRI). Over the past few years, it has continuously invested in economies along the Silk Road Economic Belt and the 21st Century Maritime Silk Road (jointly known as the BRI), according to the bank. It has established overseas institutions in 24 countries and regions associated with the initiative.Since 2015, the BOC, which is the fourth-largest commercial lender by assets in China, has issued BRI themed bonds five times in seven currencies, with a to

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