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New Hong Kong entity to support China's 'Belt & Road' financing

Asian Infrastructure Investment Bank President Jin Liqun, second from left, attends the launch of an entity to facilitate infrastructure financing for the China-led bank, in Hong Kong on July 4. (Photo by Jennifer Lo)

HONG KONG -- The Hong Kong Monetary Authority, the territory's de facto central bank, launched a new entity on Monday to facilitate fundraising for projects related to China's "One Belt, One Road" infrastructure initiative.

The Infrastructure Financing Facilitation Office, as the entity is called, boasts some 40 partners, from asset managers such as Blackrock to multilateral lenders such as the Asian Development Bank and International Finance Corp., the World Bank's private-sector arm.

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