BRI builds ‘win-win’ formula

Source: Xinhua | 2018-06-08

FINANCIAL and information technology service providers are seeking opportunities in the Belt and Road Initiative, which covers over 60 countries and a third of the world’s trade, Shanghai Daily learned yesterday.

The BRI is “shaking off geographical limitations and creating a new win-win platform,” said Deloitte in a report. SWIFT, a global financial messaging service provider, said recently that 10 Chinese banks, including Bank of China and the Industrial and Commercial Bank of China, have adopted its global payments innovation initiative service. The service will improve efficiency, speed and transparency of the banks on cross-border payments and transactions, especially in the BRI, they said.