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Citic to invest 700b yuan in China's 'One Belt, One Road'

The Silk Road move will involve about 300 projects extending from S'pore to Turkmenistan

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Published Thu, Jun 25, 2015 · 09:50 PM

Beijing

CHINA'S Citic Ltd, the state-owned conglomerate, said on Wednesday that its banking, securities, trust and construction divisions will jointly invest more than 700 billion yuan (S$151.4 billion) to support China's "One Belt, One Road" initiative.

The investments will involve about 300 projects extending from Singapore to Turkmenistan.

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