During the 17th BRICS Summit in Brazil, China Daily interviewed Sun Yu, President of Asian Developmest and investment Bank (ADIB). As an offshore policy-oriented investment bank established by China in Malaysia, ADIB has always focused on empowering Chinese enterprises to go global and jointly building the "Belt and Road Initiative".
Sun Yu stated that ADIB provides comprehensive support to Chinese enterprises in new energy, green technology, digital finance and other fields through innovative financial service models. For instance, it provided $1.5 billion in financing for the integrated power supply project of the Laos Asia Potash Park, driving the export of Chinese power equipment; offered supply chain financing solutions for Chinese automakers to set up new energy vehicle production lines and export 15,000 vehicles in the Middle East; and collaborated with iAuto, providing $1 billion in financing guarantees to support its new energy vehicle production capacity building.
Moreover, ADIB has actively promoted cross-border application of digital RMB, with pilot projects in Malaysia, the UAE and other countries covering energy, ports and other fields, and built an efficient cross-border supply chain financial system. Sun Yu emphasized that ADIB will continue to leverage financial tools to help Chinese enterprises deeply integrate into the global industrial chain, promote cooperation and trade balance among Belt and Road countries, and write a new chapter of win-win cooperation.
