"ADB": Based On Asia, Through Europe And Asia, The World!

At the Bretton Woods conference, the debate between the British representative Keynes and the US representative White has been endless, widening the vision of several generations and creating the era of financial civilization.

Today, Asia Investment Bank is called the Bretton Woods conference in Asia, CO sponsored by more than 40 countries, but has nothing to do with the United States.

Former US Treasury Secretary and former Harvard president Summers exclaimed at a meeting in April 6th: "history will remember that last month, the United States lost its position as the leader of the global economic system.

Since the Bretton Woods conference, there has been no incident like China's plan to build Asia Investment Bank. A new multilateral agency has left the United States on the side and lost more than a dozen allies, including the United Kingdom.

Asian investment bank and Asian Development Bank established in Manila can be referred to as "ADB" for short. Although Asian investment bank has not yet been officially opened, it has already started to stir up a pool of spring water.

Compared with the Asian Development Bank based in Manila, Asia Investment Bank has at least three major differences: first, there is no direct control of Japan and the United States; the second is the positioning of the industry based on Transnational infrastructure development; the third is that the market facing the "one belt and one road" market is much larger than that of Asia.

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At the first glance, smart people can see that it is the main core business circle running through the two continents of Eurasia, so strictly speaking, Asia Investment Bank is not the infrastructure investment bank of Asia, but the future "Asia Europe bank". No wonder that the mainstream European countries are actively participating in the US position.

From the historical silk road to the present, the traffic inconvenience in most areas has not improved significantly, so it was replaced by the rising sea traffic.

The main lines of pportation all began in China. The decline of the "ancient Silk Road" stems from the relative backwardness of China's economy and its closed door policy.

nowadays

Not only has it risen but also opened up, so there is hope for revival and demand for infrastructure.

Standing at the height of Asian and European economic integration, Asia Investment Bank, Manila's "ADB" is too small: one is an international metropolis, the other is an international large town.

The two Asian banks have different market positioning.

And governance systems are also different.

The initial development capital of the Asian Development Bank was only $5 billion until the end of 1996, and it was approved to invest $50 billion 130 million in the end of 1996.

In January 2009, Japan proposed to increase the capital of the "Asian bank" 2~3 times. In April 30th of the same year, the "ADB" Council approved the increase in the capital scheme and planned to increase the capital to $165 billion in 2~3 years, but the member states were perfunctory and the increase of capital and expansion has not been fulfilled.

According to the report of finance minister Lou Jiwei, the initial capital of Asia Investment Bank is US $50 billion, and the initial capital is expected to exceed US $50 billion as a result of the country's expectations.

The reason why the ADB member states are perfunctory about the capital increase is also very simple, because the ADB is the largest shareholder in the United States and Japan, each 15.6% of them, and has one vote veto power. The "ADB" needs to increase capital. Of course, the two largest shareholder will pay first.

Since the United States has almost no support for Japan, the ADB has been established by Japanese presidents since the opening of the ADB, so the ADB is actually an Asian regional Japanese bank.

The Asian investment bank to be established is initiated by China. Neither the United States nor Japan is a sponsor. The largest shareholder will undoubtedly be China and is probably the only big shareholder.

This determines that Asia Investment Bank will surely be an international bank of China: Based on Asia, through Europe and Asia, it will be global.

China is also a member of the ADB, but its voice is very small, so the ADB's RMB business is very low and its growth rate is slow.

The Asian investment bank, which is to be established, is different. China, as the main sponsor country, has developed the money hand in hand, and in the field of infrastructure investment and construction, the "China advantage" is obvious to all.

China will also act as an international standard maker in the infrastructure industry to strengthen renminbi's "China credit".

If RMB is included in the IMF's special drawing rights (SDR) in the near future, RMB will be a real hard currency in infrastructure development projects. Judging from this, "China's advantage + Chinese credit" will become the wings of Asia Investment Bank and drive the integration of Asian and European economies in the "one belt and one road" territory.