CHINA’S INITIATIVE ON CONNECTIVITY “ONE BELT, ONE ROAD”: CHINA’S INITIATIVE ON CONNECTIVITY Zhou Qiangwu, MOF, China Singapore, 27 April 2016

SIX ASPECTS IMPLICATIONS PRIORITIES FEATURES FINANCING OPTIONS UPDATED PROJECTS LINKAGE WITH THE ALLIANCE

Implications of “One Belt, One Road” One of China’s most important initiatives on international cooperation Main Purpose: help promote the economic development and prosperity of the countries along the Belt and Road through enhanced economic cooperation Three "together’s": mutual negotiation, joint development and sharing

Cooperation Priorities for “One Belt, One Road” Five Priorities: policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bond Facilities connectivity is among the top priorities Promote green and low-carbon infrastructure construction--high quality infrastructure investment

Main Features of “One Belt, One Road” "One Belt, One Road" is extensive, open, transparent and inclusive, and diversified. A win-win initiative. Extensive: directly benefiting a population of 4.4 billion people or 63% of the world's population, with a combined GDP of 21 trillion US dollars that accounts for 29% of the world total Open, transparent and inclusive: this initiative has so far received active and actual participation by over 70 countries and international organizations More diversified, in terms of its goals or cooperation priorities

Financing Options for “One Belt, One Road” The one belt and one road is very inclusive in terms of its financing The Silk Road Fund: 40 billion US dollars China national policy banks: China Development Bank and China Export-import Bank and others playing leading role MDBs: WBG, ADB, EBRD, EIB, AIIB, NDB and others Private funds: 35 trillion dollars assets available in the Asia Pacific Region.

Part of OBOR On-going Projects Silk Road Fund Projects: one hydropower project in Pakistan, one in Italy, and one in Russia(equity investment). Ports and Airports: The COSCO Piraeus Port Project in Greece, the Expansion and Upgrading Project of Ibrahim Nasir International Airport(INIA) in Maldives. High-speed Railways: Pan-Asia Railway Projects (in Laos and Thailand), Jakarta-Bandung, Hungary-Serbia, and more on list. Economic Corridors: China and Pakistan, China-Mongolia-Russia and etc.

Its linkage with the Alliance Initiative “ The global infrastructure connectivity alliance initiative” aims to synergize the existing infrastructure initiatives and to help maximize the efficiency and effectiveness of the global infrastructure connectivity. China's OBOR will do its part.

THANKS!