The Chinese group “Legend Holdings” is about to buy 90% of “Banque internationale à Luxembourg” (Bil, International Bank in Luxembourg) from Qatar’s Precision Capital. The announcement was made on September 1, 2017. To be finalized, this 1.5 billion euro acquisition
What would be the impact on the BRI? In late August 2017, Silvio Berlusconi, former Italian Prime Minister, who hopes to return to the highest office of the Republic revived his idea of a double currency for Italy. According to
On August 18, 2017, China’s State Council disclosed new rules regarding Chinese investments abroad. According to the new regulation, Chinese companies will have to restrict their investments abroad in the most speculative sectors such as real estate, sports, entertainment, and
The reaffirmation of China’s commitment to Paris climate agreement by Prime Minister Li Keqian while the US President announced his country’s withdrawal, confirms China’s new concern for the environment. This pro-environmental orientation will certainly have a positive impact on the
Before meeting with the US President in Florida, Chinese President Xi Jinping visited Finland on April 4, 2017 and was able to discuss with Finnish President Sauli Niinistö and Prime Minister Juha Sipila. The two heads of state share the
In early March 2017, Ms. Fu Ying, spokesperson for the 5th annual session of the 12th National People’s Congress of China, encouraged India to integrate the OBOR initiative. But until now India has shown reluctance to this proposal. a) OBOR
Fitch ratings issued a report in late January 2017 warning about the possible risks of financing OBOR projects for Chinese banks. Authors of this report acknowledge that projects supported by OBOR will ensure the modernization of infrastructure in some Asian
OBOReurope aims to foster Sino-European relations in the “Belt and Road” initiative.
OBOReurope, One Belt One Road Europe, is a platform of cooperation and dialogue between European and Chinese stakeholders to promote the “One Belt One Road” programme.