Hong Kong's AIIB Membership Improves City's Finance Status
Hong Kong is to become a member and take on a leadership role in the Asian Infrastructure Investment Bank. Membership in the AIIB will improve Hong Kong's international status as a center for finance. The One Belt Initiative and the AIIB will also benefit businesses, as these financial initiatives are about building business partnerships as well as infrastructure development.
AIIB Hopes to Partner with Commercial Banks
The Asian Infrastructure Investment Bank has committed to $100 billion in loans for projects throughout Eurasia. More could be allocated should commercial banks become involved in financing AIIB projects. Syndicated lending and underwriting are two methods of lending that could be offered by commercial banks to fund AIIB projects.
CDB's Opaque Governance Casts Doubt on Promise of AIIB Transparency
The Silk Road Fund, worth $40 billion, provides the largest Chinese investment in Asia. The Silk Road fund is partially funded by the Chinese Development Bank (CDB) and C-EXIM. CDB and C-EXIM have more assets than the combined assets of the Western-led multilateral development banks. CDB and C-EXIM hold more than $1.8 trillion in assets, while Western-led development banks have about $700 billion. These Chinese-run banks do not have a positive record of transparent, accountable governance, which raises concerns about the governance of China's newest development bank, the Asian Infrastructure Investment Bank.
SunEdison seeking buyer for 1 GW of solar projects, ministry eyes $500m AIIB loan
India’s National Solar Mission has set a goal of reaching 100 GW of solar PV by 2022, a goal that is heavily reliant on securing foreign investment from financing institutions and solar companies. In the past week the Ministry of New and Renewable Energy announced that it is expecting a $500 million loan from the AIIB, which help the ministry meet its installation goals.
Queensland Government issues mine approvals for Adani Carmichael Coal Mine, questions remain over project finances
After receiving the mining leases required for the Carmichael Coal Mine, energy and infrastructure company Adani still faces some more hurdles in regards to financing. Australian banks have been less than enthusiastic about the prospect of financing domestic coal projects. However, Chinese institutions, such as the AIIB, have shown greater interest in providing financing for the development of coal projects.
BRICS bank’s first loan goes to Karnataka
The NDB’s approved its first loan in the amount of $250-300 million to a government led solar project in India. Additional infrastructure funding is also expected to be received from the AIIB.
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