China's Belt and Road: The Initiative and Its Financial Focus
Gespeichert in:
Hauptverfasser: | , , , , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Singapore; London; New Jersey; Taipei; [u.a.]
World Scientific Publishing
[2018]
|
Schriftenreihe: | Series on China's Belt and Road Initiative
vol. 2 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | xxxvi, 320 Seiten |
ISBN: | 9789813239531 |
Internformat
MARC
LEADER | 00000nam a2200000 cb4500 | ||
---|---|---|---|
001 | BV045205431 | ||
003 | DE-604 | ||
005 | 20240508 | ||
007 | t| | ||
008 | 180924s2018 xx |||| 00||| eng d | ||
020 | |a 9789813239531 |9 978-981-3239-53-1 | ||
035 | |a (OCoLC)1059276169 | ||
035 | |a (DE-599)BVBBV045205431 | ||
040 | |a DE-604 |b ger |e rda | ||
041 | 0 | |a eng | |
049 | |a DE-355 |a DE-11 | ||
084 | |a QG 860 |0 (DE-625)141524: |2 rvk | ||
084 | |a QM 353 |0 (DE-625)141786: |2 rvk | ||
084 | |a ML 7600 |0 (DE-625)123247:13116 |2 rvk | ||
100 | 1 | |a Yu, Xugang |e Verfasser |0 (DE-588)1168166039 |4 aut | |
245 | 1 | 0 | |a China's Belt and Road |b The Initiative and Its Financial Focus |c Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo |
264 | 1 | |a Singapore; London; New Jersey; Taipei; [u.a.] |b World Scientific Publishing |c [2018] | |
300 | |a xxxvi, 320 Seiten | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 1 | |a Series on China's Belt and Road Initiative |v vol. 2 | |
650 | 0 | 7 | |a Außenpolitik |0 (DE-588)4003846-4 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Handelsstraße |0 (DE-588)4023257-8 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Infrastrukturinvestition |0 (DE-588)4127451-9 |2 gnd |9 rswk-swf |
651 | 7 | |a China |0 (DE-588)4009937-4 |2 gnd |9 rswk-swf | |
655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
689 | 0 | 0 | |a China |0 (DE-588)4009937-4 |D g |
689 | 0 | 1 | |a Handelsstraße |0 (DE-588)4023257-8 |D s |
689 | 0 | 2 | |a Außenpolitik |0 (DE-588)4003846-4 |D s |
689 | 0 | 3 | |a Infrastrukturinvestition |0 (DE-588)4127451-9 |D s |
689 | 0 | 4 | |a Finanzierung |0 (DE-588)4017182-6 |D s |
689 | 0 | |C b |5 DE-604 | |
700 | 1 | |a Rizzi, Cristiano |e Verfasser |0 (DE-588)1024497003 |4 aut | |
700 | 1 | |a Tettamanti, Mario |d 1949-2024 |e Verfasser |0 (DE-588)1181477859 |4 aut | |
700 | 1 | |a Ziccardi, Fabio E. |e Verfasser |0 (DE-588)1170971369 |4 aut | |
700 | 1 | |a Guo, Li |d 1975- |e Verfasser |0 (DE-588)1024497135 |4 aut | |
830 | 0 | |a Series on China's Belt and Road Initiative |v vol. 2 |w (DE-604)BV045155436 |9 2 | |
856 | 4 | 2 | |m Digitalisierung UB Regensburg - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030594337&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-030594337 |
Datensatz im Suchindex
_version_ | 1820776862917328896 |
---|---|
adam_text |
Contents
Foreword v
Preface ix
About the Authors xi
Acknowledgments xiii
Abbreviations and Acronyms xxxiii
Introduction 1
Chapter 1 “Belt Road Initiative” as a Continuation
of China’s Reforms and Opening up and
as a Consequence of the Beijing Consensus 5
Xugang Yu
1.1 The Formation of China’s Reform and
Opening-up Policy 6
1.1.1 Deng Xiaoping’s Enlightenment Works
and His Rehabilitations: The Turning
Point of Socialist China 6
1.1.2 The Resolution of the 3rd Plenary Session
of the 11th CPC Central Committee:
Starting Point of China’s Reform and
Opening-up Policy 8
xv
XVI
Contents
1.1*2.1 Establishing Diplomatic Relations
with the USA as of January 1, 1979 13
1.1.2.2 Opposing Hegemonism 14
1.1.2.3 Upholding the Four Cardinal
Principles 16
1.1.2.4 Setting Up Special Economic Zones 18
1.1.3 Bringing Forward the Theory of Building
a Socialism with Chinese Characteristics:
The 12th National Congress of CPC 20
1.1.4 Further Development of the Socialism
with Chinese Characteristics 24
1.1.4.1 Opening up of Costal Harbor Cities 24
1.1.4.2 Upholding the Basic Line for
Further Development 25
1.1.4.3 Reform of the Economic Structure 25
1.1.4.4 Conditions for Further
Developments: Disarmament
and Peace 26
1.1.4.5 “Basic Line” Must be Upheld and
Reforms Should Be Continued . 29
1.2 Washington Consensus vs. Beijing Consensus 30
1.2.1 What Is Washington Consensus and Where
Does It Come From? 31
1.2.2 Neoliberalism: Theoretical Base of
Washington Consensus 32
1.2.3 Neoliberalism Did Not Respond to the
Emergencies of a Changing (Global)
Economy 35
1.3 Beijing Consensus: The Opposite Pole to the
Washington Consensus 36
1.3.1 What is the So-called Beijing Consensus? 36
1.3.1.1 1989 Student Movement:
A Provocative Demand for Reforms 38
1.3.2 Contribution of the Beijing Consensus
to the Establishment of the Socialist
Market-oriented Economy and the
“Courage to Experiment”
40
Contents xvii
1.3.2.1 Continuing Exploration of Socialist
Market Economy 41
1.3.2.2 Two Centenary Goals: Further
Planned Improvements for Chinese
Economy 44
1.3.3 Beijing Consensus as a Key Model to
China’s Success and the Necessity to
Remain on Track 45
1.3.3.1 Upholding the Basic Tine 45
1.3.3.2 Maintaining Stability as Top
Priority 46
1.3.3.3 Evolution of the Socialist Market
Economy: Importance of the Five
Years Plans 48
1.4 The Linkage Between the “Beijing Consensus”
and the “B R” Initiative 50
1.4.1 B R: Not Only Investments in
Infrastructures and Enhanced Trade
Relationships but Also an Opportunity
to Connect Cultures 51
1.4.2 Interpretation of the “B R” by the
National Development and Reform
Commission, Ministry of Foreign Affairs,
and Ministry of Commerce of the People’s
Republic of China 52
1.4.3 The B R Initiative as a Conglomerate
of New Policies and an Economic Engine
for China 53
Chapter 2 China and the “Belt and Road” Initiative:
What Is It All About? 55
Xugang Yu and Cristiano Rizzi
2.1 “The Belt and Road” Initiative:
Essential Background 56
2.1.1 President Xi Jinping’s Vision of the Belt
and Road Initiative
56
Contents
xviii
2.1.2 Reinforced Cooperation with Eurasian
Countries 58
2.1.3 What China is Trying to Achieve With
This Initiative? B R and Its Strategic
Significance 59
2.1.4 Infrastructure is Not the Only Focus 61
2.1.4.1 Financial Integration 61
2.1.4.2 RMB Internationalization:
Brief Introduction 62
2.1.5 Energy Security 62
2.1.6 Potential Risks 63
2.1.7 Information Silk Road: The Concept
Explained 65
2.1.7.1 Telecommunications and Satellite
Network 66
2.1.7.2 Smart Cities 68
2.1.7.3 E-commerce 69
2.1.8 Connecting the World: Chinese Enterprises
Dedicated to Building the Information
Silk Road 70
2.1.8.1 State-owned Operators: Actions
to Accelerate Overseas Expansion
in Line with the B R Initiative 71
2.1.8.2 Internationalization Process:
Adapting Strategies to Grasp
This Opportunity 73
2.1.9 Efficiency in Transportation of Goods:
Brief Introduction 74
2.2 Some Considerations on the Expansion
of Chinese Companies’ Presence Abroad 74
2.2.1 New Guidelines for Chinese Companies
Operating Abroad 76
2.2.2 China’s Recent Restriction on Outbound
Investment 77
2.2.2.1 Recent Rules and Policies:
Overview 78
Contents
xix
2.2.2.2 (Possible) New Pieces of Legislation
to Further Regulate Chinese ODI 80
2.2.2.3 New Rules Also for Foreign
Investment in China: Overview 80
2.2.3 Other Focuses of the Chinese Legislator
Relating to Outbound Investment Under
Recent Trends 83
2.3 Growing Influence of China on the International
Stage 84
2.3.1 Granting Internal Stable Growth:
A Necessary Condition to Promote
Reforms 85
2.3.2 Promoting Reforms 85
2.3.3 China’s Evolving Role 86
2.3.4 The B R Initiative Might Encounter
Obstacles and Can Be “Downsized,”
but Not Stopped 87
Chapter 3 The First Pillar of the B R Initiative Funding:
The Institutional Funding 89
Cristiano Rizzi and Mario Tettamanti
3.1 The B R Initiative and the Institutional Funding 90
3.1.1 The Asian Infrastructure Investment
Bank (AIIB) 91
3.1.1.1 Government and Management
Structure of the AIIB 92
3.1.1.2 A Chinese National as President
of the AIIB 93
3.1.1.3 Project Already Approved by
the AIIB 94
3.1.1.4 AIIB Pushes For More
Public—Private Partnership
in the Realization of the Initiative 95
3.1.2 The New Development Bank (NDB) 95
3.1.3 The Asian Development Bank (ADB) 96
XX
Contents
3.1.4 The China Development Bank (CDB) 97
3.1.5 The Silk Road Fund (SRF) 98
3.1.6 The European Investment Bank (EIB)
and the EIB Fund: Brief Introduction 99
3.1.6.1 EIB Group Cooperation with China
End the New €500 Million Silk Road
Fund Equity Investment Initiative 100
3.1.7 Additional Funds Announced by
President Xi Jinping 101
3.1.7.1 Proportion between Chinese ODI
and Funds Dedicated to the B R
Initiative 102
3.1.7.2 China Becoming a Major Capital
Exporter with B R Initiative 102
3.1.8 The Interest of the IMF: Brief Introduction 103
3.1.8.1 The IFM Shows Further Interest
in the B R Initiative 104
3.1.9 First Concrete Examples of Cooperation
between EU Financial Institutions and
Chinese Financial Institutions 104
3.1.9.1 Deutsche Bank (DB) Invests in the
B R Initiative 105
3.1.10 Final Considerations on the Necessity
of Pooling Together Resources 105
3.2 B R Initiative, the Governance and the Domestic
Financial Reforms 108
3.2.1 B R Initiative and the Governance
Infrastructure 108
3.2.2 B R Initiative and the Domestic Financial
Reforms 108
3.2.2.1 Sufficiency of Financial Reforms
for B R Initiative 110
3.3 OBOReurope: An EU Initiative to Help
in Developing the China’s B R Initiative 113
3.3.1 New Opportunities for China and the
EU to Cooperate
114
Contents xxi
3.3.2 Greener Belt Road, and the Paris Climate
Agreement 115
3.3.2.1 Implication for the B R Initiative 115
3.3.2.2 Conditions for a Greener Silk
Road 116
3.4 B R-related Project in Europe after Four Years:
Final Notes 117
3.4.1 Numbers Are Likely To Go Up 117
Chapter 4 The Second Pillar of the B R Initiative Funding:
The Private Sector 119
Mario Tettamanti
4.1 Introduction: A Bit of History and the Concept
of Label 119
4.1.1 The History: The Ancient Silk Road Was
Also Founded on Tax and Credit 119
4.1.2 The B R Initiative Has Already Become
a Label, Indeed an Asset of Labels 121
4.1.2.1 The “Historical and Geopolitical”
Label 121
4.1.2.2 The “Monetary Label”: The Yuan/
Renminbi 122
4.1.2.3 The “Financial Place Label”:
Hong Kong 123
4.2 The B R Initiative Funding through the Private
Sector 123
4.2.1 The Actors of the B R Private Financing 125
4.2.1.1 Commercial and Investment Banks 125
4.2.1.2 The Capital Market 126
4.2.1.3 The Renminbi (RMB)
Internationalization 127
4.2.1.4 Syndicated Loans 130
4.2.1.5 Project Financing and Special
Purpose Vehicles (SPYs) 131
xxu
Contents
4.2.2 How to Motivate and Unlock the Private
Sector Investment 132
4.2.3 The Conditions to Attract the Private
Sector Investment 133
4.2.4 Significant Potential Risk and Return Need
to Be Considered in Financing the B R
Initiative 135
4.2.4.1 Political Risks 135
4.2.4.2 Economic Risks 135
4.2.4.3 Operational Risks 136
4.3 Collaboration between the Public and Private
Sector 136
4.3.1 Public-Private Partnership: A Brief
Introduction 136
4.3.2 Tailoring the PPP or Closing the Financial
Gap 137
4.3.2.1 Domestic Finance — Local Bond
Markets 137
4.3.2.2 Commercial Finance 138
4.3.2.3 Institutional Investors 139
4.3.2.4 Trade Finance 139
4.4 Innovative Financing, Alternative Project
Funding and the Opportunities for Public—Private
Partnership 145
4.4.1 Innovative Financing 145
4.4.2 Innovative Financing is Critical to Creating
Opportunities for Public-Private Sector
Collaboration That Will Help Address
Global Challenges 145
4.4.3 Alternative Project Funding 147
4.5 Hong Kong — The Right Corporate Treasury
Center (CTC) for the B R Initiative 148
4.5.1 The B R Initiative Needs an Important
Financial Place 148
4.5.2 Is Hong Kong Ready for This Role? 149
Contents xxiii
4.6 Concept of Connectivity in Order to Close
the Financial Gap 150
4.6.1 Maximizing Financial Connectivity 150
4.6.1.1 Connectivity Means Consistency 150
4.6.1.2 Connectivity Means Efficiency 151
4.6.1.3 Connectivity is a Commodity 151
4.6.1.4 More Financial Connectivity is
Urged 151
4.6.2 Connectivity to Achieve a Large
Investment Demand 152
4.6.2.1 It Is Important to Harness the Power
of Financial Technology (Fintech) 153
4.7 Alternative B R Funding: The Islamic Finance 153
4.7.1 Islamic Finance Part of the B R Funding
Strategy 154
4.7.2 China and the Islamic Finance: Already
Collaborating 155
4.7.2.1 Dubai — The Hub for the Islamic
Finance 156
4.8 Alternative B R Funding: The Crowdfunding 157
4.8.1 Government Incentivized Crowdfunding
for the B R Initiative 157
4.8.1.1 How Can Crowdfunding Help
Support Govemment-incentivized
Projects? 158
4.8.1.2 Boosting Participatory Budgeting 158
4.8.1.3 Encouraging Private-Public
Collaboration 159
4.8.1.4 Improving Transparency of
Budgeting and Financing Processes 159
4.8.1.5 Crowdfunding for the B R Initiative 160
4.8.1.6 Supported-pull Approach: Supported
Citizen-To-Citizens Crowdfunding 161
4.8.1.7 Culture-sensitive Platform Design 161
4.8.1.8 Social Inequality and Crowdfunding 162
XXIV
Contents
Chapter 5 Global Implications of the “B R” Initiative and Its
Impact on the EU Economy 163
Cristiano Rizzi
5.1 China as an Essential Partner in Global
Governance 163
5.1.1 The Weight of the B R Initiative
in Rebalancing the World Economy 164
5.1.2 Overcoming Obstacles 165
5.1.3 China — A New Type of Rising Power? 166
5.1.4 The Importance of the B R Initiative
for the EU: Introduction 167
5.2 The B R Initiative is Reshaping the Relationship
with the EU 168
5.2.1 The European Fund for Strategic
Investments (EFSI) and Its Relation
with the B R Initiative 169
5.2.1.1 Non-EU Countries’ Participation 170
5.2.1.2 China’s Involvement in the EU
Investment Plan 171
5.2.1.3 Concrete Possibility for EU—China
Collaboration on Infrastructure
Financing 171
5.2.1.4 Latest Update on the Cooperation
between the EU and China on the
Investment Plan for Europe 172
5.2.2 Some More Details About the Investment
Plan for Europe 173
5.2.2.1 Investment Plan: Finding
Investment Opportunities 173
5.2.2.2 First Steps for Investors, and
Opportunities for Potential
Beneficiaries 174
5.2.3 China Uses Investment Plan for Europe
to Boost Involvement in the EU 175
5.2.3.1 Project Selection Set to Start:
Brief Overview 176
Contents xxv
5.2.3.2 EIF (part of the EIB) Transactions
Under EFSI 177
5.2.4 EIB Group Cooperation with China to be
Strengthened with new €500 Million Silk
Road Fund Equity Investment Initiative 177
5.2.4.1 Differentiated Interests of China 180
5.2.4.2 The New Fund Likely to Be
Supportive to Both the Investment
Plan for Europe and Projects
Connected to the B R 180
5.2.5 EU—China Partnership Moving Forward:
Other Outcomes of the Brussels Summit 181
5.2.5.1 Climate Action 181
5.2.5.2 Improving Business Relations
and the Investment Environment 182
5.2.5.3 Competition Policy 183
5.2.5.4 Energy Cooperation 184
5.2.5.5 Connectivity (Projects Connected
to the B R Initiative) 184
5.2.5.6 Customs 185
5.2.5.7 Trade and Agriculture 186
5.2.5.8 Research and Innovation 188
5.2.5.9 Tourism 189
5.2.5.10 Maritime Affairs 190
5.3 How China’s B R Initiative Impacts on the EU 190
5.3.1 State-of-the-Art of the Ongoing Negotiation
between China and the EU on the New
Bilateral Investment Agreement 191
5.3.2 EU’s Reservation About China 191
5.3.2.1 How China Is Overcoming the
Situation: The “16+1 Mechanism”
(Brief Introduction) 192
5.3.2.2 Infrastructure Projects 198
5.3.3 Building a Part of Europe’s Vision in
the Communication Networks:
Some Resistances 200
XXVI
Contents
5.4 The B R Initiative and the Accelerated
Internationalization of the Chinese Yuan 201
5.4.1 Internationalization of the Chinese
Currency: A Corollary of China’s
Financial Power 202
5.4.2 The B R Initiative Facilitates Financial
Integration with Countries Along the
Silk Road 203
5.4.3 China’s Efforts to Establish the Renminbi
as an International Currency Will Take Time 203
Chapter 6 EU Infrastructure Priorities Connected to the B R
Initiative, and the Necessity for Coordinated Efforts
with China in Developing the B R Initiative 205
Cristiano Rizzi and Mario Tettamanti
6.1 The EU Connectivity Platform and the
TEN-T Policy, and their Relationship
with the B R Initiative 206
6.1.1 The Connectivity Platform: Connecting
the EU and China’s B R Initiative 207
6.1.1.1 The Connectivity Platform (CP)
as a Centerpiece of EU-China
Relations 209
6.1.1.2 Advancing Foreign Policy 209
6.1.1.3 Improving Infrastructures That Link
the EU and China: The Vision of
the EU 210
6.1.2 What Is the TEN-T Policy and Program?
And Who Is Responsible? 211
6.1.2.1 Scope of the EU-China Connectivity
Platform in This Context 214
6.1.2.2 The Pillars of the TEN-T Policy 214
6.1.3 EU Funding for TEN-T 215
6.1.3.1 The Needs of Innovative Financial
Instruments 216
6.1.3.2 Funding Instruments of the EU 217
Contents xxvii
6.1.4 Some Final Considerations on the TEN-T
and CP Policies and Its Relation with
China’s B R Initiative 218
6.2 Coordinated Efforts between the EU and China,
and Projects of Common Interest 219
6.2.1 The Need for Coordinated Cooperation
between the EU and China 219
6.2.1.1 First Chinese Investments Related
to the B R Initiative: An Example 220
6.2.1.2 “State-of-the-Art” of the Piraeus
B R Project and the “Interference”
of the Italian State Railway Group 221
6.2.2 The Search for Tangible Projects Especially
in the Logistic Sector 222
6.2.2.1 Cooperation Based on Open and
Transparent Rules 223
6.2.2.2 COSCO Is Helping in Realizing
President Xi’s Vision 224
6.2.3 Continued Chinese Expansion in the
Logistic Gateways Toward the EU 225
6.2.3.1 Other Logistic-related Activities
Impacting the B R Initiative 226
6.2.3.2 The Need to Improve China—EU
Rail Freight, and Not Just Shipping 227
6.2.3.3 Chinese Interests Go Behind
Railway Projects in the EU 228
6.2.4 Outbound Chinese Investments Need to Be
Approved by Chinese Governmental Bodies 229
6.2.4.1 Approval Process Differs
Depending on the Nature of the
Chinese Outbound Investment 229
6.2.4.2 The Role of MOFCOM in
Approving Outbound Chinese
Investments 231
6.3 The Importance and Strategic Significance of the
Mediterranean Region for the B R
232
Contents
xxviii
6.3.1 Bank of China Chief Stresses
Mediterranean Region’s Importance
in B R Construction 233
6.3.1.1 About the “MED — Mediterranean
Dialogues” 235
6.3.1.2 China’s Endeavor to Foster a New
Form of International Relations
Will Benefit the Development
of the B R Initiative 236
Chapter 7 Relations between China and Italy: The Development
of Diplomatic Ties and the Impact of the B R Initiative
and a Brief Overview on the EU and Italian Rules
Regulating Public Works 239
Cristiano Rizzi
7.1 China-Italy Relations: Status Quo 240
7.1.1 Promoting Cooperation and Political
Dialogue on Global Issues 240
7.1.1.1 Focuson Investments 241
7.1.1.2 A Brief Overview on Chinese
Investments in Italy 241
7.1.2 The 12th Meeting of China—Italy Joint
Commission for Economic and Trade
Cooperation held in Rome in 2017:
Strengthening the Relations under
the B R Initiative 242
7.1.2.1 Reinforced Cooperation Under the
B R Initiative 243
7.1.2.2 Latest Diplomatic Developments:
The Visit of President Sergio
Mattarella in February 2017 to
Strengthen Cooperation with China 244
7.1.3 Italy as the End-Point of China’s
21st Century Maritime Silk Road 245
7.2 B R and Italy: Strengthening the Southern Route
of the Maritime Silk Road 246
Contents xxix
7.2.1 Chinese Presence in Italy: A Brief
Overview 247
7.2.2 Italy’s Key B R Project: The “Five-Port
Alliance” 247
7.2.2.1 Financing the Project 250
1.2.2.2 Dimension of the Project 251
7.2.2.3 Strategic Importance for China 251
7.2.2.4 Potential Challenges and the
Necessity to Abide with EU
(and IT) Rules 252
7.3 Infrastructures Related to the Maritime
Silk Road to Be Developed in Italy 254
7.3.1 The Port of Venice in the B R Strategy
Framework and the VOOPS Project
(Venice Offshore-Onshore Port System) 255
7.3.1.1 Cost of the Project 256
7.3.1.2 Characteristics of the Project 257
7.3.1.3 Synergies with Other Facilities 258
7.3.1.4 China Communication Constructions
Company Group — The Winner
of the Final Design of VOOPS 258
7.3.2 Port of Trieste 259
7.3.3 Ports of Genoa and Savona/Vado 259
7.3.4 Mediterranean: Final Destination of the
Maritime Silk Road and Chinese Expanded
Interests 260
7.4 Participation of Chinese Companies in the
Realization of Infrastructure Projects in Italy:
An Overview on Public Procurement Regulations
in Italy (Derived from the EU Legislation) 262
7.4.1 Brief Introduction of the New Italian Public
Procurement Code 263
7.4.1.1 Which Types of Contracts Are
Covered? 264
7.4.1.2 What Types of Award Procedures
Are Available? 265
XXX
Contents
7.4.1.3 What Are the Rules on Excluding/
Short-listing Tenderers? 266
7.4.1.4 The Procurement Code Introduces
a New Financial Guarantees System 266
7.4.1.5 Public Building Construction
Planning Must be Organized
According to Three Projects 267
7.4.1.6 Privatizations and PPPs:
Brief Overview 267
7.4.2 Introduction to the EU Procurement
Legislation Which Has Modeled the
Italian Law 269
7.4.2.1 Applicability of EU Substantive
Law — General Principles 270
7.4.2.2 EU Public Procurement Rules:
General Introduction 272
7.4.2.3 The Public Sector Directive:
Outline 272
7.4.2.4 EU Public Procurement Principles 273
7.4.2.5 Award Criteria 274
7.4.2.6 Transparency 274
7.4.2.7 Technical Specification 275
7.4.2.8 Types of Public Procurement
Procedures 275
7.4.3 Transposition of the Directive into the
Italian Law (Reference) 276
7.4.4 European Single Procurement Document
(ESPD): Brief Introduction 276
7.4.5 Cooperation between Italy and China in
Prospective and the Role of the EU 277
Chapter 8 The Impact of the B R Initiative on the Development
of International Law, Particularly of the Law of
Carriage of Goods and of “International Business” 279
Fabio E. Ziccardi
8.1 The International Law as the Law of Nations 279
Contents
XXXI
8.2 The Progress of the Law of International
Transportation 281
8.3 The Impact on Other Institutes of International
Business Law 289
Conclusion 291
Appendix and Extra Contributions on the Belt and Road Initiative
by UBS 293
A.l Appendix: Contribution by UBS on the Belt
and Road Initiative (.Interview with UBS
Conducted by Mario Tettamanti) 293
Question 1: The concept of “Label” is important for the
fundraising of private capital Is the B R Initiative Label
sufficiently known today to attract private capital in different
forms into this initiative? 293
Question 2: What are the necessary conditions for the private
financial sector to become involved in the financing of the B R
Initiative? Pension funds, insurance companies and investment
funds are important sources for private sector funding. To what
extent will they be attracted in the near future by the
B R Initiative? 294
Question 3: What would be the most appropriate approach to
finance the B R Initiative by international banks? Are bonds
the most appropriate products? What about other products
related to equity financing? 296
Question 4: What is the role of public institutional investors/
multilateral investors in co-financing projects with the private
sector? How can public institutional investors (such as for
example the Silk Road Fund' the Asian Infrastructure
Investment Bank (AIIB)) help attract and protect the private
sector to subscribe bonds or other financial instruments
dedicated to B R Initiative financing?
297
xxxu
Contents
Question 5: Will Hong Kong become the major financial hub
for the B R Initiative? How can other financial places also
play a role in the B R Initiative? 298
Question 6: How does UBS intend to make use of its strong
presence in China, APAC and globally to participate in the
funding of the B R Initiative? 300
Question 7: Do you think that a UBS engagement might also
be interesting for Swiss infrastructure companies? 301
UBS — A First Mover in China 303
Bibliography 307 |
any_adam_object | 1 |
author | Yu, Xugang Rizzi, Cristiano Tettamanti, Mario 1949-2024 Ziccardi, Fabio E. Guo, Li 1975- |
author_GND | (DE-588)1168166039 (DE-588)1024497003 (DE-588)1181477859 (DE-588)1170971369 (DE-588)1024497135 |
author_facet | Yu, Xugang Rizzi, Cristiano Tettamanti, Mario 1949-2024 Ziccardi, Fabio E. Guo, Li 1975- |
author_role | aut aut aut aut aut |
author_sort | Yu, Xugang |
author_variant | x y xy c r cr m t mt f e z fe fez l g lg |
building | Verbundindex |
bvnumber | BV045205431 |
classification_rvk | QG 860 QM 353 ML 7600 |
ctrlnum | (OCoLC)1059276169 (DE-599)BVBBV045205431 |
discipline | Politologie Wirtschaftswissenschaften |
format | Book |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 cb4500</leader><controlfield tag="001">BV045205431</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20240508</controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">180924s2018 xx |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9789813239531</subfield><subfield code="9">978-981-3239-53-1</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1059276169</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV045205431</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-11</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QG 860</subfield><subfield code="0">(DE-625)141524:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QM 353</subfield><subfield code="0">(DE-625)141786:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">ML 7600</subfield><subfield code="0">(DE-625)123247:13116</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Yu, Xugang</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1168166039</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">China's Belt and Road</subfield><subfield code="b">The Initiative and Its Financial Focus</subfield><subfield code="c">Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Singapore; London; New Jersey; Taipei; [u.a.]</subfield><subfield code="b">World Scientific Publishing</subfield><subfield code="c">[2018]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">xxxvi, 320 Seiten</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Series on China's Belt and Road Initiative</subfield><subfield code="v">vol. 2</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Außenpolitik</subfield><subfield code="0">(DE-588)4003846-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Handelsstraße</subfield><subfield code="0">(DE-588)4023257-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Infrastrukturinvestition</subfield><subfield code="0">(DE-588)4127451-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">China</subfield><subfield code="0">(DE-588)4009937-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">China</subfield><subfield code="0">(DE-588)4009937-4</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Handelsstraße</subfield><subfield code="0">(DE-588)4023257-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Außenpolitik</subfield><subfield code="0">(DE-588)4003846-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Infrastrukturinvestition</subfield><subfield code="0">(DE-588)4127451-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="4"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="C">b</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Rizzi, Cristiano</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1024497003</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Tettamanti, Mario</subfield><subfield code="d">1949-2024</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1181477859</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ziccardi, Fabio E.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1170971369</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Guo, Li</subfield><subfield code="d">1975-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1024497135</subfield><subfield code="4">aut</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Series on China's Belt and Road Initiative</subfield><subfield code="v">vol. 2</subfield><subfield code="w">(DE-604)BV045155436</subfield><subfield code="9">2</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Regensburg - ADAM Catalogue Enrichment</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030594337&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-030594337</subfield></datafield></record></collection> |
genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content |
genre_facet | Aufsatzsammlung |
geographic | China (DE-588)4009937-4 gnd |
geographic_facet | China |
id | DE-604.BV045205431 |
illustrated | Not Illustrated |
indexdate | 2025-01-09T13:08:50Z |
institution | BVB |
isbn | 9789813239531 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030594337 |
oclc_num | 1059276169 |
open_access_boolean | |
owner | DE-355 DE-BY-UBR DE-11 |
owner_facet | DE-355 DE-BY-UBR DE-11 |
physical | xxxvi, 320 Seiten |
publishDate | 2018 |
publishDateSearch | 2018 |
publishDateSort | 2018 |
publisher | World Scientific Publishing |
record_format | marc |
series | Series on China's Belt and Road Initiative |
series2 | Series on China's Belt and Road Initiative |
spelling | Yu, Xugang Verfasser (DE-588)1168166039 aut China's Belt and Road The Initiative and Its Financial Focus Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo Singapore; London; New Jersey; Taipei; [u.a.] World Scientific Publishing [2018] xxxvi, 320 Seiten txt rdacontent n rdamedia nc rdacarrier Series on China's Belt and Road Initiative vol. 2 Außenpolitik (DE-588)4003846-4 gnd rswk-swf Handelsstraße (DE-588)4023257-8 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Infrastrukturinvestition (DE-588)4127451-9 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content China (DE-588)4009937-4 g Handelsstraße (DE-588)4023257-8 s Außenpolitik (DE-588)4003846-4 s Infrastrukturinvestition (DE-588)4127451-9 s Finanzierung (DE-588)4017182-6 s b DE-604 Rizzi, Cristiano Verfasser (DE-588)1024497003 aut Tettamanti, Mario 1949-2024 Verfasser (DE-588)1181477859 aut Ziccardi, Fabio E. Verfasser (DE-588)1170971369 aut Guo, Li 1975- Verfasser (DE-588)1024497135 aut Series on China's Belt and Road Initiative vol. 2 (DE-604)BV045155436 2 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030594337&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Yu, Xugang Rizzi, Cristiano Tettamanti, Mario 1949-2024 Ziccardi, Fabio E. Guo, Li 1975- China's Belt and Road The Initiative and Its Financial Focus Series on China's Belt and Road Initiative Außenpolitik (DE-588)4003846-4 gnd Handelsstraße (DE-588)4023257-8 gnd Finanzierung (DE-588)4017182-6 gnd Infrastrukturinvestition (DE-588)4127451-9 gnd |
subject_GND | (DE-588)4003846-4 (DE-588)4023257-8 (DE-588)4017182-6 (DE-588)4127451-9 (DE-588)4009937-4 (DE-588)4143413-4 |
title | China's Belt and Road The Initiative and Its Financial Focus |
title_auth | China's Belt and Road The Initiative and Its Financial Focus |
title_exact_search | China's Belt and Road The Initiative and Its Financial Focus |
title_full | China's Belt and Road The Initiative and Its Financial Focus Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo |
title_fullStr | China's Belt and Road The Initiative and Its Financial Focus Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo |
title_full_unstemmed | China's Belt and Road The Initiative and Its Financial Focus Xugang Yu, Cristiano Rizzi, Mario Tettamanti, Fabio E. Ziccardi and Li Guo |
title_short | China's Belt and Road |
title_sort | china s belt and road the initiative and its financial focus |
title_sub | The Initiative and Its Financial Focus |
topic | Außenpolitik (DE-588)4003846-4 gnd Handelsstraße (DE-588)4023257-8 gnd Finanzierung (DE-588)4017182-6 gnd Infrastrukturinvestition (DE-588)4127451-9 gnd |
topic_facet | Außenpolitik Handelsstraße Finanzierung Infrastrukturinvestition China Aufsatzsammlung |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030594337&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV045155436 |
work_keys_str_mv | AT yuxugang chinasbeltandroadtheinitiativeanditsfinancialfocus AT rizzicristiano chinasbeltandroadtheinitiativeanditsfinancialfocus AT tettamantimario chinasbeltandroadtheinitiativeanditsfinancialfocus AT ziccardifabioe chinasbeltandroadtheinitiativeanditsfinancialfocus AT guoli chinasbeltandroadtheinitiativeanditsfinancialfocus |