Recently, the 4th Asian Infrastructure Forum, co-organized by the Ministry of Finance, Monetary Authority of Singapore, Enterprise Singapore and the World Bank, opened in Singapore. Ms. Indranee Rajah, Minister in the Prime Minister's Office and Second Minister of Finance and Second Minister of National Development of Singapore, attended the forum and delivered an opening speech. Nearly a thousand politicians from ASEAN countries, as well as representatives from the World Bank, infrastructure investment institutions, international financial institutions, and the business community attended the forum. The theme of the forum is "Sustainable Infrastructure: A Journey to Change Asia". As the platinum partner of this forum, Industrial and Commercial Bank of China participated in the roundtable discussion of the main forum "Promoting Asia's Green Transformation", and joined hands with government development entities of ASEAN countries, large-scale "going out" Chinese construction companies, and various financial, investment, legal, and consulting service agencies to jointly discuss the status and development plans of the "Belt and Road" projects and promote green infrastructure projects.
From concept to action, from vision to realization, the Belt and Road Initiative has become a popular international public product and international cooperation platform. It is reported that ICBC has played the leading role of a large state-owned bank. As of the end of the first quarter of 2024, it has supported 462 "going out" and "Belt and Road" projects, with a total loan amount of US$119.1 billion, involving 69 countries in the Belt and Road Initiative, covering industries such as power energy, oil and gas, minerals, and transportation infrastructure. By practicing the development concept of "green water and green mountains are gold and silver mountains", supporting the green and low-carbon development of the energy sector in developing countries, adhering to the principles of host country autonomy, renewable energy priority, gradual progress and affordability, the service quality and efficiency have been widely recognized by domestic and foreign governments, international peers and Chinese core customer groups, and have won the "Best Belt and Road Bank" award from The Treasury magazine for many consecutive years.based on the new stage of development of the "Belt and Road", ICBC will continue to give full play to the group's advantages, serve overseas engineering project contracting, investment, construction and operation integration, cross-border mergers and acquisitions, and overseas localized operations. Focusing on the financial service needs of project-related parties such as "going out" enterprises, overseas owners, and overseas buyers, with cross-border financing consulting and project financing as the fulcrum, supporting account opening, foreign exchange settlement, performance bonds, fund custody, large deposits and other comprehensive businesses, provide customers with "one-stop" convenient services, unswervingly serve the country's major strategies, and write a new chapter in ICBC's service to high-level opening up.
