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Tag Archives: Chinese banks

China to spend $5.2bn on Russia’s railway projects

MOSCOW: China has announced to spend $5.2 billion (300 billion rubles) on Russia’s first high-speed rail project. The bulk of the investment, $4.3 billion at current exchange rates (250 billion rubles) will come in the form of 20-year loans from Chinese banks, and the other $860 million would come as an equity payment from the Chinese company in charge of ... Read More »

Thar Coal Project: Chinese banks reluctance to accept sovereign guarantees worries Pakistan

 ISLAMABAD: Chinese banks are showing reluctance to finance Thar Coal Project on sovereign guarantees of the Pakistani government. Sindh Engro Coal Mining Company (SECMC) Chief Executive Officer (CEO) Shamsuddin Ahmed Shaikh during a press briefing to a group of journalists regarding Thar coal power project, said: “Chinese banks want Engro and SinoSure (China Export & Credit Insurance Corporation) to share 50 ... Read More »

Kh Asif sheds light on Chinese investment, projects

ISLAMABAD: Federal Minister for Water and Power Khawaja Asif said that China intends to invest 34 billion dollars in Pakistan as Foreign Direct Investment (FDI) and not as a loan. “Chinese companies aim to invest $34 billion in different projects, while Chinese banks EXIM and China Development Bank would finance these companies,” Asif said while addressing a press conference called ... Read More »