ASEAN financial integration and the Belt and Road Initiative: Legal challenges and opportunities for China in Southeast Asia
This chapter explores the legalchallenges to Chinese financial institutions in Southeast Asia against thebackdrop of China’s grand ‘Belt and Road Initiative’ (BRI) and theestablishment of the Association of Southeast Asian Nations (ASEAN) EconomicCommunity. Banking and finance play important roles i...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2018
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| Online Access: | https://ink.library.smu.edu.sg/sol_research/2805 https://search.library.smu.edu.sg/discovery/fulldisplay?docid=alma99206512102601&context=L&vid=65SMU_INST:SMU_NUI&lang=en&search_scope=Everything&adaptor=Local%20Search%20Engine&tab=Everything&query=any,contains,Handbook%20of%20blockchain,%20digital%20finance,%20and%20inclusion:%20Cryptocurrency,%20FinTech,%20InsurTech,%20and%20regulation&offset=0 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | This chapter explores the legalchallenges to Chinese financial institutions in Southeast Asia against thebackdrop of China’s grand ‘Belt and Road Initiative’ (BRI) and theestablishment of the Association of Southeast Asian Nations (ASEAN) EconomicCommunity. Banking and finance play important roles in promoting trade,investment and infrastructure projects. The development of ASEAN, an immenseeconomic bloc located immediately south of China, will have an enormous effecton the BRI strategy. This chapter outlines the current development of financialintegration within ASEAN with respect to the bloc’s banking and insurancesectors. It also considers the legal obstacles and potential trade barriersfacing Chinese banks and insurers offering credit facilities or insuranceprotection to projects implemented in ASEAN amidst further ASEAN financialintegration and the ASEAN-China free trade agreement (FTA). |
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