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One Belt One Road

Connecting 64 countries and over 4 billion people

We are very excited about the One Belt One Road (OBOR) initiative being led by China. Already well underway, OBOR will create great opportunities for contractors in the region. Product and process diversification and strategic acquisitions will allow us to obtain maximum value as the initiative is executed across Asia and Europe. Our opportunity will come from the Southeast Asia region.


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One Belt One Road Initiative (OBOR)
Connects 64 countries and over 4 billion people
Roadmap for how China wants to further integrate itself into the world economy and contribute to trading growth and economic development in these regions
Development strategy and framework
- Unveiled by Chinese President Xi Jinping in September 2013
- Framework focuses on connectivity and cooperation among countries in Eurasia
New Silk Road Economic Belt will link China with Europe through Central and Western Asia
21st Century Maritime Silk Road will connect China with Southeast Asian countries, Africa and Europe
To support OBOR, the Asian Infrastructure Investment Bank founded by China in 2014 with the
participation of 56 other countries and is dedicated to lending for projects that are part of the initiative
- In November 2014, President Xi Jinping announced plans to create a USD$40 billion development fund (The Silk Road Fund) which will be distinguished from the banks created for the initiative
- Role of development fund is to lend money for projects (The Karot Hydropower Station in Pakistan was the first investment project of the Silk Road Fund)


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OBOR will serve to help address the excess in production of products like steel, copper, cement and aluminum while reconstructing the Silk Road Economic Belt and Maritime Silk Road to connect China, Western Asia, Southeast Asia, Africa and Europe.

Hong Kong and Shanghai stand to benefit from OBOR due to their geographic location. Shanghai will continue to move towards a services driven economy and will play a relevant role in OBOR as one of the major airport connections to China. Hong Kong’s location connecting China to Southeast Asia and its position as an international finance, trade and shipping centre make it a pivotal point in the region. Hong Kong’s contractors are, for the most part, regional players active across Asia and our company has been serving many of them for over 50 years.

Our OBOR strategy will continue to build on the transformation activities of the past years. We are becoming a specialist in infrastructure and will look to serve the needs of contractors across Southeast Asia while expanding our geographic reach inside China with Shanghai Bao Shun Chang International Trading Co., Ltd., Engineering Plastics and Building & Design Solutions.

To know more latest article about OBOR, please click here.

MILESTONES

  • Jan 18, 2017 Belt-Road office to be enlarged
    The Hong Kong Government will expand the Belt & Road Office to take forward its work under the Belt & Road Initiative on a long-term basis.

    Delivering his 2017 Policy Address today, Chief Executive CY Leung said he will create directorate posts and other permanent positions in the office.
  • Jul 10, 2015 "Belt and Road" initiative to promote SCO economic cooperation
    On the 15th meeting of the Shanghai Cooperation Organization (SCO), the linkage between China’s Belt and Road initiative and other SCO members’ development strategies is discussed. Xi Jinping suggested to Putin that the two countries take the SCO as an important platform to dovetail China's Belt initiative with Russia's aspiration under the Eurasian Economic Union (EAEU) framework.
  • Jul 01, 2015 China's top legislature ratifies BRICS bank agreement
    China's top legislature ratified an agreement on the founding of BRICS New Development Bank (NDB), which will fund infrastructure projects in the bloc and other developing economies. The NDB is expected to launch late this year or early next year.
  • Jul 01, 2015 Premier Li's visit opens new chapter in China-EU economic ties
    During Li Keqiang’s visit to the European Union, the two economic giants expressed interest in linking the European Fund for Strategic Investments (EFSI), known as the Juncker Plan, with the China-proposed Belt and Road Initiative. The integration of development strategies is expected to inject fresh impetus into China-EU economic ties.
  • Jun 29, 2015 China-led AIIB agreement signed in Beijing
    The China-led Asian Infrastructure Investment Bank (AIIB) legal framework was signed in Beijing. The multilateral bank has an authorized capital of $100 billion, 75% of which will come from Asian countries. China is so far the single largest stakeholder, holding 26% of voting rights. The bank will start operation by year end.
  • Jun 29, 2015 Vice premier announces start of construction on China-Russia gas pipeline
    Vice Premier Zhang Gaoli announced start of construction on the Chinese section of the China-Russia East Route natural gas pipeline. It is the largest China-Russia cooperative project conducive to diversifying energy strategy and guaranteeing the energy security of both countries.
  • May 30, 2015 BOC improves layout to support Belt and Road
    The vice president of Bank of China (BOC) said BOC was optimizing distribution and resources in foreign countries, especially in ASEAN, in a bid to help the country push forward the Belt and Road initiative. The reported sale of Nanyang Commercial Bank (NCB), a wholly owned subsidiary of BOC Hong Kong, is the first step in the bank's plan. BOC also planned to recombine and transfer its businesses and assets in ASEAN to the BOC Hong Kong, to promote the Belt and Road Initiative.
  • Apr 28, 2015 Belt and Road nations account for 26 percent of China's total trade
    In the first quarter of 2015, Trade with countries along the Belt and Road amounted to 236 billion U.S. dollars, which translates to 26 percent of China's total exports and imports during the period.
  • Apr 21, 2015 Silk Road Fund makes first investment in Pakistan's hydropower project
    During Xi Jinping’s state visit to Pakistan, the first project of China's 40-billion-USD Silk Road Fund for investment in the Belt and Road initiative was unveiled. The fund will inject capital in China Three Gorges South Asia Investment Ltd, to develop Pakistan's Karot hydropower project and other clean-energy projects.
  • Mar 30, 2015 A leading group formed to implement the "Belt and Road" initiatives
    The Chinese central government has set up a special leading group to oversee the implementation of the Belt and Road initiatives, the office of the group said. The group issued a statement on Sunday following the release of the principles, framework, priorities and mechanism for the China-led Silk Road Economic Belt and 21st-Century Maritime Silk Road initiatives.
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