National Development and Reform Commission: Financing for Belt and Road cooperation is increasingly diversified

On November 11, the National Development and Reform Commission held a press conference in its "Striving for the 15th Five-Year Plan" series, briefing on Belt and Road cooperation. Liang Linchong, Director-General of the Department of Regional Opening-Up of the National Development and Reform Commission, said that financing channels for Belt and Road cooperation are becoming increasingly diversified. Chinese-funded financial institutions support cooperation projects with partner countries through various market-based financing tools. The Asian Infrastructure Investment Bank, the Silk Road Fund and other institutions are operating steadily, providing strong support for practical Belt and Road cooperation. China has jointly approved the "Guiding Principles on Financing the Development of the Belt and Road" with 28 countries, and has promoted the application of the "Belt and Road Debt Sustainability Framework for Participating Countries" to enhance the sustainability of investment and financing. The internationalization of the renminbi has taken solid steps.