President Ju Weimin Attended Boao Forum for Asia Annual Conference 202121-04-2021
The Boao Forum for Asia Annual Conference 2021 was held from April 18 to 21, with the theme of “A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation”. Mr. Ju Weimin, Vice Chairman, President and CIO of CIC, attended the Roundtable on the Role of Sustainable Finance in High Quality Development of Belt and Road.
President Ju Weimin observed that with ample liquidity around the globe, the capital raised by PE funds but not yet invested has hit record high. On the other hand, major funding gap exists in localities along the Belt and Road, a problem that was further amplified due to the pandemic. Against the backdrop of rising global protectionism and the specter of Covid-19, China unwaveringly conducted investment in said localities last year against major headwinds, showing the resilience and potential of such economic cooperation.
He also said that as a long-term institutional investor, CIC is very positive about the long-term growth prospects of Belt and Road projects, and proactively mines opportunities in this field. We will advance integration of industry and finance with expertise, mobilize international capital through investment cooperation, develop new ways for investment via bilateral funds, and enhance sustainable development through responsible investing. CIC will remain operating on international, market-driven, and professional basis, in a bid to relentlessly inject new vigor into the high quality development of Belt and Road and facilitate steady recovery of the global economy.
President Ju Weimin also attended other events of the annual conference including the Seminar with Chinese and Foreign Entrepreneurs and the China-US Entrepreneurs Dialogue.
2021 marks the 20th anniversary of the establishment of Boao Forum for Asia. As a member of the forum, CIC has attended the annual conferences and other events of the forum for more than 10 consecutive years.