China's ambitious global project Belt and Road Initiative (BRI) runs the risk of remaining incomplete or being abandoned if uncertainties around the COVID-19 pandemic persist.
China's Belt and Road Initiative (BRI), which is intended to catalyse the economies of countries around the globe, has several of its projects overlapping some of the most ecologically fragile places on earth writes Ms Divya Narain in an article on China Dialogue.
Hong Kong's tax incentives to boost retirement savings through the Qualifying Deferred Annuity Policy (QDAP) initiative serves as an example of how the Insurance Authority (IA) has worked effectively with the industry to fill a social need, according to IA chairman Dr Moses Cheng in his welcome address at the Asian Insurance Forum 2019 yesterday.
China's Belt and Road Initiative (BRI) is an implementation of China's vision to increase its presence in Eurasia, while investments in infrastructure development pave the way for future economic growth in developing countries around the project. However, circumstances suggest that there could be a disconnect between that vision and reality.
China's Belt and Road Initiative (BRI) continues to evolve significantly, with more investments beginning to move across to multilateral development banks, and through partnerships with countries such as Japan. However, the geopolitical backdrop remains challenging, with the ongoing Sno-US trade war creating an atmosphere of caution and projects taking longer to get signed off and underway, says global law firm Baker McKenzie in a commentary on its website.
Strong action is needed to decarbonise more than $12tn in expected infrastructure investment in Belt and Road (B&R) countries in order to ensure that the Paris Agreement climate goals are met, according to a world first independent quantitative study of B&R countries' development trends and emissions pathways.
With the rapid development of the global yacht industry and rising demand for superyacht management services in Hong Kong, the Hong Kong Cruise and Yacht Industry Association (HKCYIA) has signed an MOU with Voyager Risk Solutions to support its risk and insurance management services for superyachts. The agreement is expected to strengthen the two organisations' developments in the yacht industry and promote tourism in the Greater Bay Area (GBA) further.
China Re plans to launch the 'first domestic political violence insurance' to cover Chinese businesses involved in the construction of the Belt and Road Initiative (BRI) across the globe.
As the Belt & Road Initiative (BRI) investment trend continues, the use of credit and political risks insurance will continue to grow, according to AON's recent global risks report.
China Export & Credit Insurance Corporation (Sinosure) has signed an agreement with another Singapore-headquartered bank this week to collaborate on projects under the Belt and Road Initiative (BRI). DBS Group announced its commitment to further support the development of Asia's infrastructural needs by entering into this agreement with Sinosure.