(Yicai Global) Dec. 20 -- The City of London Corp. [LON:CLG] formed a partnership with the Infrastructure Financing Facilitation Office (IFFO) of the Hong Kong Monetary Authority (HKMA) on Dec. 18. The parties will promote international infrastructure investment and financing, especially taking advantage of the opportunities for infrastructure investment and financing brought by China's Belt and Road Initiative, Xinhua News Agency reported.
IFFO can promote the exchanges of views and experience through the extensive network of financial institutions in CLC, which is conducive to IFFO's promotion of infrastructure investment and financing, relevant parties in Hong Kong and London jointly announced.
Delegates from the cooperative group discussed the opportunities for infrastructure investment and financing brought by the Belt and Road Initiative and the business opportunities for the financial service industry. They agreed that Hong Kong and London should strengthen their cooperation and give full play to their respective advantages as international financial centers to meet the tremendous demand of infrastructure investment and financing the construction of the One Belt, One Road, an initiative Chinese President Xi Jinping has pioneered to revive the nation's ancient trade routes by land and sea.
IFFO has already established a network of more than 70 financial institutions, including multilateral financial institutions and development banks, investors of public and private institutions, asset management companies, banks, infrastructure project operators and professional service companies. IFFO has held and participated in important international investment and financing events and made positive progress this year in advancing infrastructure investment and financing via Hong Kong.