China-AIIB/Anniversary/Transformation

AIIB looks to new types of infrastructure investments through expanded cooperation with private sector

  • English

Shotlist


Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
1. Asian Infrastructure Investment Bank (AIIB) building
2. Various of AIIB lobby
3. Flags in AIIB lobby
4. Press conference in progress
5. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (partially overlaid with shot 6):
"At this juncture, it is important to point out that efforts to bolster our health system as well as address climate change can no longer be dealt with in silence. We need to promote the intricate emerging pattern of the relationship between climate and health care problems. Rebooting the global economy will require that we no longer tackle challenges in isolation."
++SHOT OVERLAYING SOUNDBITE++
6. Various of reporters at press conference
++SHOT OVERLAYING SOUNDBITE++

FILE: Zhangbei County, Zhangjiakou City, Hebei Province, north China - Aug 29, 2020 (CCTV - No access Chinese mainland)
7. Aerial shot of clean energy power station

FILE: Haikou City, Hainan Province, south China - Exact Date Unknown (Hainan Broadcasting Group - No access Chinese mainland)
8. Aerial shots of solar panels

FILE: Xinghua Bay, Fuqing City, Fujian Province, east China - July 12, 2020 (CCTV - No access Chinese mainland)
9. Aerial shots of offshore wind turbines

Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
10. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (starting with shot 9/partially overlaid with shot 11):
"New infrastructure development boosted by new technologies will bring forth immediate benefits and pay off in the long term. Global trade will eventually open up, and those countries who invest smartly will be ready to capitalize on those opportunities. And indeed, there will be, in my view, an overhaul of the existing infrastructure to meet the needs of the digital era."
++SHOT OVERLAYING SOUNDBITE++
11. Various of reporters at press conference
++SHOT OVERLAYING SOUNDBITE++

FILE: Shanghai, China - Exact Date Unknown (CCTV - No access Chinese mainland)
12. Various of automated production lines

FILE: China - Exact Date Unknown (CCTV - No access Chinese mainland)
13. Various of promo video for chip research, development

Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
14. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (starting with shot 13):
"To a certain extent, it's not so easy to find common ground, but it is possible. Private sector investors may not necessarily look at the highest returns when they know that by working with multilateral development banks, actually, they have assured the safety of their resources. And they also, with enhanced social responsibility of the private sector investors, they would love to work with the MDBs."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Bank clerk counting Chinese yuan notes
16. Various of Chinese yuan banknotes going through counting machine

FILE: Shanghai, China - Exact Date Unknown (CCTV - No access Chinese mainland)
17. Aerial shots of city view


Storyline


The Asian Infrastructure Investment Bank (AIIB) is strengthening efforts to move from financing traditional infrastructure projects to new types of infrastructure, while also working with the private sector to mobilize investments.

Amidst new global challenges, not least of all COVID-19, the AIIB is currently undergoing a transformation, rethinking its strategy from financing traditional infrastructure to looking ahead to the future.

The international development bank has identified key emerging infrastructure trends that will drive the future of investment in previously overlooked areas. Its new focus will be on green and human-centered infrastructure, with an eye on technology and connectivity.

The shift comes during the ongoing global COVID-19 pandemic, which experts say has exposed weaknesses in the infrastructure of many economies.

"At this juncture, it is important to point out that efforts to bolster our health system as well as address climate change can no longer be dealt with in silence. We need to promote the intricate emerging pattern of the relationship between climate and health care problems. Rebooting the global economy will require that we no longer tackle challenges in isolation," said AIIB president Jin Liqun at a press conference in Beijing on Wednesday.

The AIIB's plans are laid out in its "Next-10-year Corporate Strategy," which establishes clear priorities and ambitious targets in its overall share of financing: 50 percent for climate action by 2025, 25 to 30 percent for cross-border connectivity by 2030, and 50 percent for private sector operations by 2030.

In the medium to long term, the bank's next chapter includes not just expanding into social infrastructure, but also ramping up investment in digital infrastructure, especially in less-developed regions.

"New infrastructure development boosted by new technologies will bring forth immediate benefits and pay off in the long term. Global trade will eventually open up, and those countries who invest smartly will be ready to capitalize on those opportunities. And indeed, there will be, in my view, an overhaul of the existing infrastructure to meet the needs of the digital era," said Jin.

As global policy makers struggle with the current global health crisis and its immediate aftermath, experts say it is imperative for multilateral development banks (MDBs), such as the AIIB, to work with the private sector to mobilize much needed investment. They say a key challenge is to leverage more international capital from the private sector or commercial banks that eye returns.

"To a certain extent, it's not so easy to find common ground, but it is possible. Private sector investors may not necessarily look at the highest returns when they know that by working with multilateral development banks, actually, they have assured the safety of their resources. And they also, with enhanced social responsibility of the private sector investors, they would love to work with the MDBs," said the AIIB president.

Over the past five years, Jin says he has witnessed the development bank making progress in terms of how it operates, including its policies, regulations, staffing, and institutional environment.

Challenges brought about by the global pandemic have accelerated change in the overall development of MDBs. The AIIB says that it has gained critical experience and the opportunity to further evolve its business model and play a central role in the stability of global finance.

Headquartered in Beijing, the AIIB began operations in 2016 and has now grown to 103 approved members worldwide spanning six continents: Asia, Europe, Africa, North America, South America, and Oceania.

DOWNLOAD
  • ID : 8173519
  • Dateline : Jan 13, 2021/File
  • Location : China
  • Category : economy, business and finance
  • Duration : 2'29
  • Audio Language : English/Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN),Hainan Broadcasting Group
  • Restrictions : No access Chinese mainland
  • Published : 2021-01-13 23:17
  • Last Modified : 2021-01-14 03:22:06
  • Version : 4

China-AIIB/Anniversary/Transformation

AIIB looks to new types of infrastructure investments through expanded cooperation with private sector

Dateline : Jan 13, 2021/File

Location : China

Duration : 2'29

  • English


Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
1. Asian Infrastructure Investment Bank (AIIB) building
2. Various of AIIB lobby
3. Flags in AIIB lobby
4. Press conference in progress
5. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (partially overlaid with shot 6):
"At this juncture, it is important to point out that efforts to bolster our health system as well as address climate change can no longer be dealt with in silence. We need to promote the intricate emerging pattern of the relationship between climate and health care problems. Rebooting the global economy will require that we no longer tackle challenges in isolation."
++SHOT OVERLAYING SOUNDBITE++
6. Various of reporters at press conference
++SHOT OVERLAYING SOUNDBITE++

FILE: Zhangbei County, Zhangjiakou City, Hebei Province, north China - Aug 29, 2020 (CCTV - No access Chinese mainland)
7. Aerial shot of clean energy power station

FILE: Haikou City, Hainan Province, south China - Exact Date Unknown (Hainan Broadcasting Group - No access Chinese mainland)
8. Aerial shots of solar panels

FILE: Xinghua Bay, Fuqing City, Fujian Province, east China - July 12, 2020 (CCTV - No access Chinese mainland)
9. Aerial shots of offshore wind turbines

Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
10. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (starting with shot 9/partially overlaid with shot 11):
"New infrastructure development boosted by new technologies will bring forth immediate benefits and pay off in the long term. Global trade will eventually open up, and those countries who invest smartly will be ready to capitalize on those opportunities. And indeed, there will be, in my view, an overhaul of the existing infrastructure to meet the needs of the digital era."
++SHOT OVERLAYING SOUNDBITE++
11. Various of reporters at press conference
++SHOT OVERLAYING SOUNDBITE++

FILE: Shanghai, China - Exact Date Unknown (CCTV - No access Chinese mainland)
12. Various of automated production lines

FILE: China - Exact Date Unknown (CCTV - No access Chinese mainland)
13. Various of promo video for chip research, development

Beijing, China - Jan 13, 2021 (CGTN - No access Chinese mainland)
14. SOUNDBITE (Chinese) Jin Liqun, president, Asian Infrastructure Investment Bank (starting with shot 13):
"To a certain extent, it's not so easy to find common ground, but it is possible. Private sector investors may not necessarily look at the highest returns when they know that by working with multilateral development banks, actually, they have assured the safety of their resources. And they also, with enhanced social responsibility of the private sector investors, they would love to work with the MDBs."

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
15. Bank clerk counting Chinese yuan notes
16. Various of Chinese yuan banknotes going through counting machine

FILE: Shanghai, China - Exact Date Unknown (CCTV - No access Chinese mainland)
17. Aerial shots of city view



The Asian Infrastructure Investment Bank (AIIB) is strengthening efforts to move from financing traditional infrastructure projects to new types of infrastructure, while also working with the private sector to mobilize investments.

Amidst new global challenges, not least of all COVID-19, the AIIB is currently undergoing a transformation, rethinking its strategy from financing traditional infrastructure to looking ahead to the future.

The international development bank has identified key emerging infrastructure trends that will drive the future of investment in previously overlooked areas. Its new focus will be on green and human-centered infrastructure, with an eye on technology and connectivity.

The shift comes during the ongoing global COVID-19 pandemic, which experts say has exposed weaknesses in the infrastructure of many economies.

"At this juncture, it is important to point out that efforts to bolster our health system as well as address climate change can no longer be dealt with in silence. We need to promote the intricate emerging pattern of the relationship between climate and health care problems. Rebooting the global economy will require that we no longer tackle challenges in isolation," said AIIB president Jin Liqun at a press conference in Beijing on Wednesday.

The AIIB's plans are laid out in its "Next-10-year Corporate Strategy," which establishes clear priorities and ambitious targets in its overall share of financing: 50 percent for climate action by 2025, 25 to 30 percent for cross-border connectivity by 2030, and 50 percent for private sector operations by 2030.

In the medium to long term, the bank's next chapter includes not just expanding into social infrastructure, but also ramping up investment in digital infrastructure, especially in less-developed regions.

"New infrastructure development boosted by new technologies will bring forth immediate benefits and pay off in the long term. Global trade will eventually open up, and those countries who invest smartly will be ready to capitalize on those opportunities. And indeed, there will be, in my view, an overhaul of the existing infrastructure to meet the needs of the digital era," said Jin.

As global policy makers struggle with the current global health crisis and its immediate aftermath, experts say it is imperative for multilateral development banks (MDBs), such as the AIIB, to work with the private sector to mobilize much needed investment. They say a key challenge is to leverage more international capital from the private sector or commercial banks that eye returns.

"To a certain extent, it's not so easy to find common ground, but it is possible. Private sector investors may not necessarily look at the highest returns when they know that by working with multilateral development banks, actually, they have assured the safety of their resources. And they also, with enhanced social responsibility of the private sector investors, they would love to work with the MDBs," said the AIIB president.

Over the past five years, Jin says he has witnessed the development bank making progress in terms of how it operates, including its policies, regulations, staffing, and institutional environment.

Challenges brought about by the global pandemic have accelerated change in the overall development of MDBs. The AIIB says that it has gained critical experience and the opportunity to further evolve its business model and play a central role in the stability of global finance.

Headquartered in Beijing, the AIIB began operations in 2016 and has now grown to 103 approved members worldwide spanning six continents: Asia, Europe, Africa, North America, South America, and Oceania.

ID : 8173519

Published : 2021-01-13 23:17

Last Modified : 2021-01-14 03:22:06

Source : China Central Television (CCTV),China Global Television Network (CGTN),Hainan Broadcasting Group

Restrictions : No access Chinese mainland

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