On March 28, 2024, the the Belt and Road financing policy release and government bank enterprise docking meeting were held in Wuhan. At this meeting, the first batch of financing agreements for key projects along the the Belt and Road in Hubei Province were successfully signed.

The first batch of 67 signed projects covers multiple fields such as infrastructure construction, automobile manufacturing, pharmaceutical industry, and communication technology, with a total contract amount of up to 123.5 billion yuan. Huaxin Cement, as one of the first enterprises in Hubei to respond to the the Belt and Road Initiative, has successfully obtained financial support of 500 million yuan in this financing activity. The company plans to use this funds to acquire the first cement manufacturing company in the Sultanate of Oman, in order to further expand its international business.

Chen Qian, Vice President and CFO of Huaxin Cement Co., Ltd., stated that the main purpose is to meet the local construction needs and better improve the local construction level.

At this docking meeting, the Provincial Development and Reform Commission also signed a strategic cooperation agreement and a joint work plan for the the Belt and Road with the Export Import Bank of China, Hubei Branch. In the future, it will carry out cooperation in six aspects, including the construction of modern logistics system and the international economic and trade cooperation along the the Belt and Road. At the same time, relying on the the Belt and Road public service platform, it has developed and launched the the Belt and Road key project library in Hubei Province.

Li Zhi, deputy director of the the Belt and Road Office of the Development and Reform Commission of Hubei Province, said that the the Belt and Road white list projects were released every quarter, and we will provide preferential loan support for those included in the white list projects. In the next 5 years, we will provide financing funds of no less than 360 billion yuan for Hubei enterprises. Keywords: the Belt and Road news, the Belt and Road project, overseas project

Liu Guanwen, Director of the Corporate Customer Division at the Hubei Branch of the Export Import Bank of China, pointed out that in the field of overseas investment, they focus on pre planning national risk prevention and control strategies to ensure that enterprises can receive comprehensive and personalized financing and intelligent support financial service solutions when undertaking overseas projects and projects, thereby providing strong support for their overseas business expansion.Editor/Zhou Yingwen