Silk Road Fund

Silk Road Fund with $40bn capital was established by China in December 2014 with $10bn funding from China itself including State Administration of Foreign Exchange ($6.5bn), sovereign wealth fund China Investment Corporation ($1.5bn), and state-banks China Development Bank ($0.5bn) and Export-Import Bank of China ($1.5bn). It mainly “provides investment and financing support for trade and economic cooperation and connectivity” under OBOR, including Uzbekistan and other Central Asian countries.

President Xi pledged a major funding boost to the new Silk Road in May 2017, including an extra CNY100bn ($14.50bn) into the existing Silk Road Fund, CNY380bn in loans from two policy banks and CNY60bn in aid to developing countries and international bodies in countries along the new trade routes.