Commerzbank hosts first Belt & Road workshop

CommerzbankCommerzbank has hosted its first Belt and Road Initiative (BRI) workshop for corporate clients to discuss the expected US$1 trillion worth of business opportunities along the trade corridor between Europe and Asia. The Frankfurt-based bank’s economic research team expects Chinese-led direct investment in BRI projects to exceed US$80 billion by 2025: double the amount of 2018. The bank also estimates that new construction contracts related to BRI projects will be more than USD$150 billion every year from now until 2025. “As the German market leader in foreign trade we support our corporate and institutional clients in their investment ventures abroad,” said Nikolaus Giesbert, head of trade finance & cash management at Commerzbank. “Commerzbank’s strong trade finance capabilities will add value for our clients as they navigate business opportunities along the BRI trading corridors.” ©2019 funds global asia

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