Pattern of National Financial Industry along the Belt and Road with China Strategy

Abstract

“Silk Road Economic Zone” and “21st Century Maritime Silk Road” strategic conception is China’s response to today’s complex international geopolitical and economic situation, to combat the international economic crisis, to build a sustainable development of the new international political and economic order Major strategic conception. The implementation of the strategy of “one way” provides an important strategic opportunity for the construction of a new international financial industry in China and a new pattern. Through the analysis of the development pattern of the financial industry along the area and way, the possible future development trend and potential, proposed: to promote the financial opening up, and build our leading overseas financial organizations; implementation of cross-border financial support program, focusing on “Field and people’s livelihood projects to carry out cross-border financial assistance; take the initiative to participate in the reform of the international monetary system to speed up the international development of the RMB; conducive to cross-border financing integration of specialized and systematic financial system and other strategic countermeasures and suggestions. It is of great practical significance and decision-making reference value to play a better role in supporting the “one way” strategy and promoting the implementation of the strategy of “one way”.

New OTC Derivative Instrument for BRI Grand Strategy Integration: Case of ‘China, Mongolia and Russia’

“…Therefore, we believe that companies that obtain ‘resident status’ of the Belt and Road JEZ acquire a financial asset. As the authors note, small- and medium-sized enterprises have fewer resources and skills needed for foreign direct investment (Li, Liu and Qian 2019). In this context, OTC derivative financial instruments, in particular the acquisition of ‘resident status’, are becoming a new method of regional economic integration and an object of interest for a new category of business community.…”

“…The real difficulties in some Belt and Road countries are related to their underdeveloped financial infrastructure at micro and macro levels (Geng and He 2022). The BRI is an innovative theory of regional economic integration (Li 2019). In addition, understanding the objectives of the BRI project ensures the development of China’s economy more than that of the participating countries.…”

“…China will promote the systematic integration between traditional financial forms and emerging financial forms, and then integrate traditional industries, such as traditional finance and digital finance, into the overall planning of the Belt and Road financial system, and provide strong institutional support to deepen cooperation between the financial and insurance industries (Li et al 2019).…”

“…China will promote systematic integration between traditional financial forms and new financial forms, and then integrate traditional industries, such as traditional finance and digital finance, into the overall planning of the Belt and Road financial system, and provide strong institutional support to deepen cooperation between financial and insurance industries (Li et al 2019). We fully agree with the authors’ opinion that the creation of emerging financial forms is necessary for the successful implementation of the BRI, which is also in line with the BRI project policy on national financing and financial cooperation (Li et al 2019) and will be a catalyst for private sector financing (Nedopil et al 2022). Under the emerging financial form, we predict an opinion of Loots et al (2022), which suggests the emergence of a new funding paradigm that moves away from a clear demarcation between public and private in terms of interests and financing modes and emerges new forms of financial assets for non-direct investments (Loots et al 2022).…”