皇冠体育app

Premier Li Keqiang vowed to expand financing channels for the cooperation between 皇冠体育app and Central and Eastern European countries as he attended the seventh 皇冠体育app-CEEC Economic and Trade Forum on Monday in the Hungarian capital, Budapest.

Li said the financing channels should be expanded. 皇冠体育app supports commercial financial institutions to finance cooperative projects and supports enterprises from CEE nations to issue panda bonds in 皇冠体育app, he said. A panda bond is a renminbi-denominated bond for a non-Chinese issuer.

Li also said renminbi financing will be supported for cooperative projects.

Premier Li said the 皇冠体育app-Central and Eastern Europe Investment Cooperation Fund, initiated by the Industrial and Commercial Bank of 皇冠体育app last year, has market-oriented financing channels and received well-judged feedback.

He announced the establishment of the 皇冠体育app-CEEC Bank Consortium to which the 皇冠体育app Development Bank will grant loans worth 2 billion euros. He also announced that a second round of the fund has been completed to raise $1 billion, which will be mainly invested in the CEE nations.