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    HK economist on AIIB

    Meanwhile, the economist said the bank would offer precious opportunities to Hong Kong to fund infrastructure projects in region.

    "The demand of financing and investment to infrastructure may bring valuable opportunities to Hong Kong, which is the priority international financial hub as well as the freeport and terminal center in the whole Asia. The city will benefit from funding infrastructure projects. Promoting the connectivity among infrastructures is only the first phase, it will optimize investment environment as well as infrastructure promotes in the region."

    "Most members of AIIB are in Asia, an area which is widely considered to be the most vibrant and fully-potential economic region. However, countries in Asia have distinct gaps in economic conditions, development stages and global labor divisions. The followings are expected to be achieved. First, infrastructures in the whole Asia region can be interconnected; Second, by building infrastructures and improving the investment environment, members could attract the inflow of global capital, develop related industries, increase job opportunities and welfare levels. I think those are positive significances of AIIB."

     

     

     

    Ye Bingnan, vice president of research department of BOC International, spoke high of Chinese President Xi Jinping's address at the inauguration ceremony of AIIB.

     

    The economist also said the prosperity of finance demands behind the AIIB provide more opportunities to Hong Kong.

    SOUNDBITE (CHINESE): YE BINGNAN, Research dept. of BOC Int'l

    An economist told CNC on Monday that AIIB would prompt integration of Asia.

    Hong Kong financial industry has great expectations on the Chinese-initiated Asian Infrastructure Investment Bank, or AIIB.

     

     

     

    SOUNDBITE (CHINESE): YE BINGNAN, Research dept. of BOC Int'l

    Ye said the significance of AIIB lies in the needs of financing and investment, the stimulus to regional connectivity of infrastructure.

     

     

    SOUNDBITE (CHINESE): YE BINGNAN, Research dept. of BOC Int'l

    The AIIB was proposed by Chinese President Xi Jinping in 2013 and officially established late last year. It has attracted 57 countries to join till now.

    "From the perspective of financial market, AIIB would focus infrastructure projects at beginning. Because it aims to coordinate with the 'Belt and Road' initiative, hoping accelerating investments on infrastructures in Asia. There will be huge finance demands behind investments, and the demands offer great opportunities for the whole Asian financial market."

    The bank is also considered to assist the "One Belt One Road" initiative.

     

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