China’s mass spending plans along its One Belt One Road, New Silk Road initiative have attracted interest from investors, financiers and contractors across the world.
To date, all of the projects have been financed by state bank loans or central grants. However, the plans are sufficiently ambitious to give external players hope that they too might get a bite at the cherry.
Known perhaps more for its asset financing in recent years than large scale infrastructure projects, JP Morgan is nonetheless no different. GTR spoke with the bank’s head of trade, Asia Pacific, Agatha Lee, to find out how they hope to get involved in OBOR projects and the challenges that may face commercial banks that hope to do so.