on april 17, 2021, the cica financial summit 2021 with the theme of "promoting steady and sustainable development of cica financial practical cooperation through wide consultation, joint contribution and shared benefits" opened in jinan, shandong province. under the guidance of the ministry of foreign affairs and co-hosted by the china association for the promotion of development finance and jinan municipal people's government, the summit has won the care and support of relevant leaders of central ministries and commissions. more than 300 representatives from cica member states, ambassadors of cica member states to china, financial experts and scholars gathered in quancheng. representatives of all parties gathered here to discuss cross-border financial cooperation and deepen international economic and trade exchanges, with a view to building a new situation of cica economy featuring openness, inclusiveness and mutual benefit.
to promote the overall coordinated economic development of cica will contribute to the connectivity and practical cooperation of cica member states in capital markets, better use of domestic and foreign markets and resources, and actively carry out cross-border investment and financing cooperation. at the same time, deepening the strategic alignment between cica countries and "one belt and one road" can give full play to the significant role of the capital market in financing for the construction of "one belt and one road". from a long-term development perspective, the economic integration of cica countries and the one belt and one road is highly consistent with the theme of the summit of "extensive consultation, joint contribution and shared benefits". as an important initiator of the cica financial summit, icg has also been committed to giving full play to the role of financial capital in promoting the economic development of cica through cross-border financing, and helping chinese enterprises to participate deeply in the construction of "one belt and one road".
icg's major shareholder is one belt and one road basic industry investment co., ltd. (the "one belt and one road" industry fund). therefore, the group always focuses on the implementation of financial services in support of the "belt and road" construction, and closely customizes financial investment strategies around the "belt and road" related enterprises. in order to actively cooperate with the national financial strategic planning, icg focuses on promoting the implementation of the "one belt and one road" industrial fund, taking "bringing in" as the core operation of the "one belt and one road" industrial fund, providing multi-channel, medium and long-term sustainable fund guarantee for domestic high-quality enterprises, and opening up the great circulation of the domestic economy. in international cooperation, the group joins hands with world-renowned financial institutions, investment banks and other partners to jointly participate in the investment of "one belt and one road" strategic emerging industries, enhance the international influence and competitiveness of the enterprise, connect the big circle of the international market, and ensure the steady and long-term development of "one belt and one road" industrial funds. under the new development pattern of "double circulation", icg helps enterprises connect with the global capital market, revitalize capital liquidity, ensure the smooth circulation of domestic and international economy, and promote the orderly development of cross-border financial openness and cooperation.
with the global economy showing recovery and growth, the belt and road initiative has become a strong driving force for cica development cooperation and economic globalization. as a state-owned joint-stock investment bank, icg will continue to give full play to its capital efficiency, increase investment in one belt and one road-related financial services, stimulate market vitality, and build a new mechanism for cica financial cooperation to inject new momentum.