Financial Cooperation between China and CEEC: Development and Prospective
Since the implementation of “16+1 Cooperation”, several financial instruments have been adopted by the Chinese government to strengthen the cooperation between China and the CEE countries, including US$ 10 billion USD Special Credit Line, China-CEEC Investment Cooperation Fund (second phase), Sino...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2019-06-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_7_no_1/geo_2019_vol7_no1_art_030.pdf |
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| Summary: | Since the implementation of “16+1 Cooperation”, several financial instruments have been adopted by
the Chinese government to strengthen the cooperation between China and the CEE countries, including US$ 10
billion USD Special Credit Line, China-CEEC Investment Cooperation Fund (second phase), Sino-CEE
Finance Holding Company Ltd and China-CEE Fund. In addition, many Chinese banks have set up branches in
CEE countries. Cooperation with institutions such as the European Bank for Reconstruction and Development
has been strengthened, and a China-CEEC Interbank Consortium has been established. To diversify the
channels of cooperation, currency swap agreements and RMB clearance arrangements have been signed, and
cooperation in the bond market has also be strengthened. The main characteristics of China-CEEC financial
cooperation are market-orientation and voluntary participation. In the past six years, achievements have been
made, and the implementation of various projects contributed a lot to the “16+1 Cooperation”. |
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| ISSN: | 2343-9742 2343-9750 |