One Belt, One Road a catalyst for Asia's infrastructural needs: HSBC

Singapore

CHINA'S proposal to build a new Silk Road linking Asia, Africa and Europe is a "helpful catalyst" for Asia's multi-trillion infrastructural transformation - and Singapore is slowly becoming a focal point for the effort, HSBC analysts said in a media brief on Wednesday.

Tim Evans, HSBC's Hong Kong-based head of commercial banking's international markets unit in the Asia-Pacific region, said the "One Belt, One Road" initiative "has brought a level of focus and a coordinated approach to infrastructural spend, which will have knock-on effects".