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For Chinese banks, the Belt and Road Initiative has long gone beyond simply providing funding for overseas infrastructure projects. In the process of redefining the project, Bank of China is contributing its own understanding of BRI as a Chinese bank.

Citi’s presence in 105 of the Belt and Road countries – particularly in Europe and Latin America – puts it in a perfect position to connect Chinese clients.

Kazakhstan is at the heart of the Belt and Road Initiative, both geographically and strategically. The project was first announced by China’s president, Xi Jinping, in the country’s capital Nur-Sultan in 2013; two of the six trade corridors pass through the country.

Industrial Bank has become the leading green finance bank in China’s domestic market.

Provincial and regional banks have a huge role to play in boosting the appeal of China’s green finance industry for local governments. No other bank has done this better than the Bank of Huzhou, a local joint-stock commercial firm based in Zhejiang province.

Many Chinese banks have rolled out financial products to facilitate green finance transactions. But Industrial Bank’s ‘Lv Chuang Dai’ – which literally translates as ‘green innovative loan’ – stood out because of its ability to tap a huge pool of government funding.

Many Chinese green companies find it hard to finance their overseas Belt and Road projects, even with the guarantee of their parent firms.

There is plenty of green finance research done by banks and credit rating agencies in China.

Industrial and Commercial Bank of China is not only the leading provider of green loans in China, but also the top issuer among Chinese banks of green bonds in the international markets, and the most active of the Chinese banks in collaborating with domestic and international agencies to advance the development of green finance, both at home and abroad.

Industrial Bank is a pioneer in China’s green finance sector. It started making green loans in 2006 and was the first Chinese bank to adopt the Equator Principles, an internationally recognized, risk-management framework for financial institutions to determine, assess and manage environmental and social risks in projects.

Huzhou city was chosen by the central Chinese government in June 2017 as “a pilot green finance reform and innovation zone”. The city quickly took a top-down approach to accelerating the development of green finance, which has proved to very effective.

Wang Yao, professor and director general of the International Institute of Green Finance (IIGF) at Beijing-based Central University of Finance and Economics (CUFE), has won international fame not only for her outstanding green finance research, but also for the prominent role she has played in promoting green finance development in China. Wang started research on green finance while working in the banking sector at the start of the millennium. There, she gained first-hand experience of how green finance worked in the real world and why it was urgently needed in China.