亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

 

China-ASEAN Fund to kick off soon

0 CommentsPrint E-mail Xinhua, October 21, 2009
Adjust font size:

The long-planned China-ASEAN Fund on Investment Cooperation will soon lift its curtain as the establishment of the China-ASEAN Free Trade Area (CAFTA) drawing near, a senior financial official said?Wednesday.

The operation of the first-stage fund of one billion U.S.dollars will start before the end of this year, said Li Ruogu, Chairman of the Export-Import Bank of China (Eximbank) at a conference here during the 6th China-ASEAN Expo.

The launch of the fund is just in time as the upcoming CAFTA will need advanced financial ties to keep up with increasing trade exchanges, he said.

As the first China-ASEAN fund under government direction and operates in accordance with market rules, the Fund will eventually reach 10 billion U.S. dollars and is expected to help push China-ASEAN cooperation to a new level.

The establishment of the Fund was firstly announced by Chinese Premier Wen Jiabao last April during the annual Boao Forum, aiming at supporting the infrastructure development in the China-ASEAN region and enhancing trade and economic ties.

According to Li, the first-stage fund-raising will be completed in Hong Kong by the end of the year and investment will start subsequently, which will involve China-ASEAN cooperation projects in transportation facilities, public utilities, info-communication, energy and resources.

As the host sponsor of the fund, the Eximbank will contribute 300 million U.S. dollars to the first-stage fund, which has so far accomplished 70-80 percent of fund-raising. Many Chinese and international financial and investment institutions including the Asian Development Bank and the World Bank have shown intention to invest in the fund, according to Li.

"The first-stage fund will focus on infrastructure development, but investments will not be limited within the above fields," he said, noting that targets of following fundings will be adjusted according to actual situations of China-ASEAN cooperation and might go into fields like manufacturing and modern service industry.

The China-ASEAN cooperation on infrastructure construction is currently booming with rapidly increasing projects, including construction of harbors and channels in the Lancang-Mekong River subregion, railways and highways that connect Vietnam and Southwestern China.

"Deepening China-ASEAN economic ties gravely needs direct investment, especially in infrastructures," Li said.

The Fund will help countries in the region recover from the financial crisis and achieve sustained development of the regional economy, he said.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • Your Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码