Chinese policy banks perform better since launch of Belt and Road Initiative: UK research

LONDON, May 31 (Xinhua) -- Since the launch of the Belt and Road Initiative, Chinese policy banks have performed better than previously, Henry Tillman, chairman and founder of London-based China Investment Research, told Xinhua in a recent interview.

"There is nothing to lead us to conclude that AIIB would not continue such performance in the future," he said, commenting on the China-proposed Asian Infrastructure Investment Bank.

China Investment Research, which is owned by London-based merchant bank Grisons Peak, said in a new report that Chinese policy banks' loans over the past five quarters seem "clearly aligned" with the Belt and Road Initiative, while loan performance has been excellent as the loans were directly linked to China-based corporations.

The research was based on 67 Chinese government-related loans from January 2014 to March 31, 2015,

Ninety-one percent of all loan commitment volume of China Development Bank (CDB) and the Export-Import Bank of China (CEXIM) was located across Asia, Africa and Europe, the report said.

Among them, Asia led with 39 percent of volume and 34 percent of committed amounts, followed by Africa with 34 percent of volume and 23 percent of total amounts, while Europe had 18 percent of volume, it added.

After removing six Latin American loans and 10 Central and Western African loans, 76 percent of the pro forma loan volume was in or near portions of the Belt and Road Initiative, which means China's policy loans during this period seem clearly aligned with the initiative, said the report.

The research showed that Infrastructure/Energy Infrastructure led with 52 percent of total volume, followed by Trade Finance with 30 percent and financial industry with 13 percent.

英研报:中国政策性贷款为“一带一路”铺路

新华网伦敦5月29日电(记者吴心韬)英国研究机构中国投资研究在给新华社的独家研究报告中表示,中国政策性银行过去五个季度的对外贷款流向和“一带一路”战略构想呈现出较高相关性,且相关贷款的项目经营状况良好。

  中国投资研究表示,该报告数据主要基于中国国家开发银行和中国进出口银行在2014年至2015年第一季度期间的67笔对外贷款。数据表明,91%的上述银行贷款笔数流向亚洲、非洲和欧洲,其中亚洲占总笔数和总金额的39%和34%,非洲占34%和23%,欧洲占18%和11%。在剔除6笔对拉美地区的贷款和10笔对中非与西非地区的贷款后,76%的中国政策性对外贷款流向地和“一带一路”构想基本吻合,即中国的政策性贷款早在2014年年初便开始和“一带一路”构想有“清晰的一致性”。

  从贷款行业来看,52%的贷款流向基础设施与能源基础设施行业,30%和13%的贷款流向贸易融资和金融行业。

  报告还说,中国的政策性对外贷款状况良好,认为较低的不良贷款率主要是因为大多数的贷款和中国企业直接相关,且项目经营表现良好。

  中国投资研究主席兼创始人亨利·蒂尔曼对新华社记者表示,自从中国“一带一路”战略构想提出以来,中国政策性银行的贷款资产表现要好于此前,“我们没有理由不相信亚洲基础设施投资银行在未来也会延续这样好的表现”。