ABSTRACT
Since the Belt and Road Initiative was proposed, the National Development and Reform Commission, the Ministry of Finance and the People’s Bank of China have researched establishing the Belt and Road investment and financing mechanism. On November 4, 2014, at the eighth meeting of the leading group of financial leaders of the Central Committee of the Communist Party of China, Xi Jinping, head of the Central Financial and Economic Leadership Group, pointed out that the establishment of the Silk Road Fund is to use China’s financial strength to directly support the Belt and Road Initiative, that attention should be paid to international practices and that lessons should be drawn from the long-term theoretical and practical experience accumulated by existing multilateral financial institutions.To ensure the success of the first batch of businesses, strict rules and regulations should be formulated and implemented, and transparency and inclusiveness should be bolstered. The relationship between the Asian Infrastructure Investment Bank and the Silk Road Fund and other global and regional multilateral development banks is complementary rather than substitutionary and will operate under the current international economic and financial order. 1
