Belt and Road and the UAE: a natural fit

By Mohamed Salama SUMMARY China’s global economic ambitions rest, at least in part, on the success of its Belt and Road (B&R) initiative, which aims to elevate the country’s role in global trade by, among other things, establishing new trade links and investing heavily in other countries’ infrastructure networks. Among those 60 nations, China needs partnerships with established financial, logistics and commerce-friendly hubs that can facilitate trade. Various metrics suggest the UAE could be become a major hub within the broader B&R and RMB framework. Please click her…
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The Opportunities for International Banks

By José Viñals, Chairman of Standard Chartered Ever since the global financial crisis, international banks have been operating in a challenging environment. We have experienced a decade of lower economic growth, subdued world trade, low interest rates, stricter regulation and increasing competition including from the new fintech sector. Recent political controversies about globalisation and a rise in protectionist rhetoric – especially in the West - have further complicated the situation. Yet we should not let the existence of such challenges obscure when things are changing in…
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One Belt, One Road – Navigating New Opportunities

The Belt-and-Road initiative provides a visionary blueprint for global economic development in the new world order. New project opportunities for businesses will require comprehensive treasury services and trade financing support spanning multiple regions and currencies, including the Renminbi (RMB). Newer, Bigger and Better? The Belt-and-Road initiative has been steadily gaining momentum since first announced by the Chinese President Xi Jinping in 2013. Against the backdrop of rising protectionist and disintegration trends in the US and Europe, the grand plan presents a global…
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‘One Belt, One Road’ – why the UK will gain

By Sam Xu SUMMARY As one of the world’s biggest renminbi hubs outside of China, the UK stands to play a pivotal role in the ‘One Belt, One Road’ (OBOR) initiative. Chinese investors, according to our conversations with clients, are not that concerned about Brexit and are eager to reinforce trade ties with the UK. Since its launch in 2013, OBOR – also known as ‘belt and road’ – has achieved steady progress and global influence, amassing project contracts worth USD926 billion in over 60 countries, with the UK serving as a key financial hub. Most banks in the West, including Sta…
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The Belt and Road effect on bond markets

By Henrik Raber, Global Head, Capital Markets, Standard Chartered On climate change, China is now the strongest proponent of the Paris agreement. On trade, it has over 25 free trade agreements in place or being negotiated. China is also leading the dialogue on development in emerging countries underpinned by the “One Belt One Road” (OBOR) initiative. The development strategy covers China’s geographic links to a “belt” of six overland economic corridors and a complementary maritime “road” of sea-routes linking the country to Europe, continental and maritime Eurasia and East Afr…
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