China Development Bank

China’s Belt and Road Initiative turns 10: Xi announces 8 new priorities, continues push for global influence

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星期四, 十月 26, 2023

President Xi Jinping launched it in 2013 with a first speech in Kazakhstan and a second one in Indonesia.

Key Points: 
  • President Xi Jinping launched it in 2013 with a first speech in Kazakhstan and a second one in Indonesia.
  • The Kazakhstan speech outlined five elements of the “Belt”: strengthening policy communication; road connectivity; currency circulation; people-to-people ties; and promoting unimpeded trade.
  • As an economist with a keen interest in the political economy of China-Africa relations, I have studied the Belt and Road Initiative since its inception.
  • Much is made of a fall in spending on the Belt and Road Initiative.
  • Xi’s announcement at this year’s forum offered old and new news for the Belt and Road Initiative and its signatories.

Comparing promises 10 years on


Xi made eight major commitments at the October 2023 forum. More than half of these draw directly from the policy focus areas announced a decade ago.
Xi promised to build a multidimensional Belt and Road connectivity. He referred to roads, rail, port and air transport and related logistics and trade corridors.
He promised to open China’s economy more to the world. Higher trade levels would be one way. Alongside a new emphasis on the digital economy, Xi added that China would establish pilot zones for e-commerce-based cooperation. In Africa, a guide to those may be provided by the two existing digital commerce hubs set up by Alibaba in Ethiopia and Rwanda under its electronic World Trade Platform Initiative.
He spoke of “practical cooperation”. This seems to refer to financing for expensive infrastructure projects, smaller livelihood projects and technical and vocational training. This has an aspect of crossover with currency circulation, people-to-people ties, unimpeded trade and more.
Xi’s recent speech also promised to support people-to-people exchanges. This is a direct take from the first launch speech of 2013. But he added detail about establishing arts and culture alliances. Also that China would host a “Liangzhu Forum” to enhance dialogue on civilisation.
Finally, in line with the earlier commitment to elevated policy dialogue, Xi promised to strengthen institutional building for international Belt and Road Initiative cooperation. This relates to building platforms for cooperation in energy, taxation, finance, green development, disaster reduction, anti-corruption, think-tanks, media, culture, and other fields.

  • Beyond the promises made in Xi’s speech to this year’s forum, elevated funding for China’s policy banks was announced.
  • Further, agreements made between participants also signal commitment to the original principles of the Belt and Road Initiative.

New promises


There are three new policy promises added to those of a decade ago.
China will promote green development, including green infrastructure, green energy, and green transportation. It will hold a Belt and Road Initiative Green Innovation Conference and establish a network of experts. China also promised to provide 100,000 training opportunities in areas of green development.
China will continue to advance scientific and technological innovation. It will hold a conference on Science and Technology Exchange, and increase the number of joint laboratories that support exchange and training for young scientists. Xi also promised that China would propose a Global Initiative for Artificial Intelligence Governance, and promote secure artificial intelligence development.
China will promote integrity-based cooperation. This would include publishing details of Belt and Road achievements and prospects, and establishing a system of evaluating compliance.
These new areas are of increasing economic importance to China, amid rapid population ageing especially, and competition with high-income countries.

The future

  • There was more detail especially on people-to-people ties and on areas of policy dialogue to be fostered.
  • He added some new areas such as artificial intelligence governance, green development, e-commerce, and greater emphasis on scientific and tech cooperation.
  • Comparing the new policy signals with the earlier ones implies that the initiative is by design adaptable.


Lauren Johnston does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Xi Jinping announces China's eight steps for high-quality Belt and Road cooperation

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星期四, 十月 19, 2023

WASHINGTON, Oct. 18, 2023 /PRNewswire-PRWeb/ -- Chinese President Xi Jinping on Wednesday announced that China will take eight major steps to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.

Key Points: 
  • Chinese President Xi Jinping on Wednesday announced that China will take eight major steps to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.
  • WASHINGTON, Oct. 18, 2023 /PRNewswire-PRWeb/ -- Chinese President Xi Jinping on Wednesday announced that China will take eight major steps to support the joint pursuit of high-quality Belt and Road cooperation with participating countries.
  • Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.
  • To carry out practical cooperation for the Belt and Road Initiative (BRI), Xi said China vows more financing support for BRI projects on the basis of market and business operation.

CGTN: Xi Jinping announces China's eight steps for high-quality Belt and Road cooperation

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星期三, 十月 18, 2023

Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.

Key Points: 
  • Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.
  • To carry out practical cooperation for the Belt and Road Initiative (BRI), Xi said China vows more financing support for BRI projects on the basis of market and business operation.
  • To support the joint pursuit of high-quality Belt and Road cooperation, China, according to Xi, will also take steps to build a multidimensional Belt and Road connectivity network, continuing to promote green development, and advancing scientific and technological innovation.
  • China will also support people-to-people exchanges, promote integrity-based Belt and Road cooperation, and strengthen institutional building for international Belt and Road cooperation, Xi said.

CGTN: Xi Jinping announces China's eight steps for high-quality Belt and Road cooperation

Retrieved on: 
星期三, 十月 18, 2023

Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.

Key Points: 
  • Xi made the announcement when delivering a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation in Beijing.
  • To carry out practical cooperation for the Belt and Road Initiative (BRI), Xi said China vows more financing support for BRI projects on the basis of market and business operation.
  • To support the joint pursuit of high-quality Belt and Road cooperation, China, according to Xi, will also take steps to build a multidimensional Belt and Road connectivity network, continuing to promote green development, and advancing scientific and technological innovation.
  • China will also support people-to-people exchanges, promote integrity-based Belt and Road cooperation, and strengthen institutional building for international Belt and Road cooperation, Xi said.

Madam MA Hong Appointed as Chairperson and Non-Executive Director of CDB Aviation

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星期四, 四月 27, 2023

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced that Madam MA Hong was appointed as Chairperson and Non-Executive Director of CDB Aviation, effective April 18, 2023.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced that Madam MA Hong was appointed as Chairperson and Non-Executive Director of CDB Aviation, effective April 18, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230427005629/en/
    Madam MA Hong was appointed as Chairperson and Non-Executive Director of CDB Aviation, effective April 18, 2023.
  • (Photo: Business Wire)
    “I feel privileged to take on this role at such an exciting time for CDB Aviation, one of the premier global leasing companies that has leveraged its increasingly prominent role in the aircraft financing ecosystem to advance its commercial growth journey,” noted Madam MA Hong, newly appointed Chairperson and Non-Executive Director of CDB Aviation.
  • Ms. MA Hong, who joined CDB Leasing in May 2021, has served in her current chairmanship role since November 2021.

BioSig Announces New Advisory Board Member Edwin Wang

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星期一, 三月 27, 2023

BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), an advanced digital signal processing technology company delivering unprecedented accuracy and precision to intracardiac signal visualization with its proprietary PURE EP™ System, today announced the appointment of new Advisory Board member Edwin Wang.

Key Points: 
  • BioSig Technologies, Inc. (NASDAQ: BSGM) (“BioSig” or the “Company”), an advanced digital signal processing technology company delivering unprecedented accuracy and precision to intracardiac signal visualization with its proprietary PURE EP™ System, today announced the appointment of new Advisory Board member Edwin Wang.
  • Mr. Wang has over 20 years of impactful experience in private equity, venture capital, merchant banking, and family office investing.
  • Accretive Capital Partners has advised in excess of $2 billion in portfolio and fund restructurings.
  • )  BioSig Technologies leads the way forward in digital signal processing and AI for the treatment of cardiac arrhythmias.

CDB Aviation Details Executive Leadership Transition

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星期一, 十一月 28, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced that the Board of Directors selected Jie Chen to become the companys new Chief Executive Officer (CEO).

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced that the Board of Directors selected Jie Chen to become the companys new Chief Executive Officer (CEO).
  • The announcement is the culmination of a planned transition that will ensure a smooth leadership changeover and lay a re-energized foundation for the lessors next phase of growth.
  • I am honored to be given the opportunity to lead CDB Aviation and its remarkable team in advancing the companys long-term vision, building on a strong track record of business performance and market success, while leveraging the unique capabilities and resources of our shareholder, said CDB Aviation Chief Executive Officer Jie Chen.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank.

CGTN: Officials voice confidence in China's economy, urge cooperation

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星期三, 十一月 23, 2022

Although confronted with the complex and severe international circumstances and other unexpected difficulties, China's economy showed remarkable resilience and vitality, Fu said.

Key Points: 
  • Although confronted with the complex and severe international circumstances and other unexpected difficulties, China's economy showed remarkable resilience and vitality, Fu said.
  • Despite this year's recovery, officials also warned of financial risks rooted in heavy debts and high inflation.
  • The global economic downturn may lead to weaker demands while cooling consumption and investment returns may also be seen at home, he said.
  • However, China has sufficient capacity for development and industry upgrading, Wang said, concluding that the fundamentals for positive long-term development remain unchanged.

CGTN: Officials voice confidence in China's economy, urge cooperation

Retrieved on: 
星期三, 十一月 23, 2022

Although confronted with the complex and severe international circumstances and other unexpected difficulties, China's economy showed remarkable resilience and vitality, Fu said.

Key Points: 
  • Although confronted with the complex and severe international circumstances and other unexpected difficulties, China's economy showed remarkable resilience and vitality, Fu said.
  • Despite this year's recovery, officials also warned of financial risks rooted in heavy debts and high inflation.
  • The global economic downturn may lead to weaker demands while cooling consumption and investment returns may also be seen at home, he said.
  • However, China has sufficient capacity for development and industry upgrading, Wang said, concluding that the fundamentals for positive long-term development remain unchanged.

CDB Aviation Executes $650 Million Portfolio Secured Financing

Retrieved on: 
星期二, 十一月 8, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.
  • We continue to successfully address CDB Aviations capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers, stated CDB Aviation Chief Financial Officer Brendan O'Neill.
  • Allen & Overy is the Mandated Lead Arrangers legal counsel, while Clifford Chance represented CDB Aviation.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank.