China Construction Bank raised $15 billion to finance investments within Belt and Road initiative

Almaty. August 22. Silkroadnews – China Construction Bank Corp. raised $15 billion to finance investments within Belt and Road initiative, Reuters reported.
“China Construction Bank Corp (CCB) is raising at least 100 billion yuan ($15 billion) for a fund to finance investments related to Beijing’s Belt and Road initiative”, report said.
It is noted that China’s second biggest bank collected cash in offshore and on the mainland and has already held presentations for potential investors.
In May, report reminds, China’s President Xi Jinping promised to raise $124 billion to creation of a modern Silk Road to connect China with new and old trading partners. He also said that China would encourage financial institutions to expand their overseas business projects. After some extravagant investments, Beijing began to restrict overseas transactions, yet Chinese companies’ acquisitions throughout the countries that are part of Belt and Road initiative are growing, as of mid-August their total amount reaches $33 billion.