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The Monetary finance is an important support for OBOR. Therefore, strengthening financial integration is a necessary work. OBOR takes some specific measures, such as the establishment of monetary stability mechanism, investment and financing, credit access system. Some financial organizations have also been established, including the Asian Infrastructure Investment Bank (AIIB) and the BRICS Development Bank, to expand the scope of multilateral financial cooperation. In addition, financial controls are also widely discussed in frequent cross-border exchanges.
(5) Interpersonal communication
The mutual understanding is the social foundation of OBOR. Interpersonal interaction must be taken into account when implementing OBOR. These efforts will contribute to bringing more public support and deepening bilateral and multilateral cooperation among countries along OBOR route.
2.1.5 The Asian Infrastructure Investment Bank, AIIB
Asia Infrastructure Investment Bank, abbreviated as AIIB, is a regional multilateral agency responsible for providing countries of Asia funds to support the infrastructure development. The purpose is to promote interconnection of constructions and economic integration process in Asian region. There are 57 founding members, willing to cooperate in policy communication, facilities, trade, financial regulation and interpersonal communication.4 Member States enjoy the shares in accordance with the initial subscription share capital. AIIB headquarters in Beijing of China, with the statutory capital of 100 billion dollars, in which China contributes the most, about 29.8 billion dollars.
AIIB is a Chinese-led organization, strengthening cooperation with other Asian countries. Chinese government noted that in addition to individual investments, AIIB will co-finance with the World Bank and the Asian
4 中國財政部。亞洲基礎設施協定。2016 年 10 月 12 日參照：
http://www.mof.gov.cn/zhengwuxinxi/caizhengxinwen/201506/P020150629360882378045.pdf
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countries. However, AIIB is not set up only for OBOR. In addition to providing support to countries along OBOR route, AIIB will also finance the infrastructure of all emerging markets.2.1.6 Why AIIB is needed
In order to carry out OBOR, a huge financial backing is necessary. AIIB was brought out under the reason and was regarded as an important tool to concretize OBOR. The important attempts behind AIIB is to expand the relationship between emerging countries, establish political mutual trust, economic integration, and gather a community which has common cultural interests.
The establishment of the AIIB was originally revealed by Xi Jinping during visit to Indonesia in 2013. He expressed his willingness to provide assistance to the ASEAN countries in aspects of infrastructure, finance and techniques. AIIB grew up in the process of supporting developing countries and gradually became an important promoter to Asian economic development.
According to the ADB, Asia’s infrastructure needs about 8.2 trillion funds to stimulate Asian economic development.6 There are several major financing institutions, such as the World Bank and the ADB, but the funding is still inadequate. In comparison, the loan examination by AIIB seems very efficient, having approved four investment plans in the six months from its establishment.
The capital was more applied to infrastructure, which can be in line with the real needs of developing countries.7
Since October 2014, the willing countries have signed a memorandum. By
5 中國評論新聞網。亞投行助力“一帶一路”基礎設施建設，2016 年 6 月 17 日參照：
http://hk.crntt.com/crn-webapp/doc/docDetailCreate.jsp?coluid=7&kindid=0&docid=104270165&mda te=0617153555
6 CNBC (2015, June 25). Is AIIB the answer to Asia’s infrastructure needs? Retrieved from:
http://www.cnbc.com/2015/06/25/is-aiib-the-answer-to-asias-infrastructure-needs.html
7 The Economist (2016, June 30). The AIIB- The infrastructure of power. Retrieved from:
http://www.economist.com/news/finance-and-economics/21701494-reasons-be-enthusiastic-about-chin as-answer-world-bank-infrastructure
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the end of March 2015, there are 57 founding members, and other countries can still join by the name of member states. The world’s top ten economic powers, except the United States and Japan, have become the founding members.8
2.1.7 The strategic arrangement and corridor connection of OBOR
China has always claimed that it unswervingly stepped along the path of peaceful development, pursued a win-win strategy, and gradually deepened cooperation with neighboring countries. OBOR could promote friendly exchanges among the people of the countries and contribute to harmonious coexistence of groups with different races, beliefs and cultural traditions.Common development and common prosperity bring real benefits and welfare to people along the route.
OBOR seeks interconnection of infrastructure and industries, strengthening the connection of existent routes and nodes. Chinese Development and Reform Commission issued “The vision and action of promoting the Silk Road economic belt and the 21st century Maritime Silk Road” in March 2015,9 which generally described the framework, cooperation priorities and mechanisms. It revealed OBOR will rely on international traffic corridors and use the large cities and main ports as nodes to build six international economic cooperation corridors, including New Asia-Europe Continental Bridge, China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan, and Bangladesh-China- India-Myanmar.10,11
8 BDO (2015, November). One Belt One Road. Singapore: BDO Advisory Pte Ltd.
9 中國國家發展和改革委員會(2015 年 3 月)。推動共建絲綢之路經濟帶和 21 世紀海上絲 綢之路 的願景與行動，參照：http://www.ndrc.gov.cn/gzdt/201503/t20150328_669091.html
10 香港貿易發展局。關於一帶一路，2016 年 10 月 24 日參照：
http://beltandroad.hktdc.com/tc/about-the-belt-and-road-initiative/about-the-belt-and-road-initiative.aspx
11 China-Britain Business Council (2015, Sep). One Belt One Road- A role for UK Companies in developing China's new initiative- New Opportunities in China and beyond. Retrieved from:
http://www.cbbc.org/cbbc/media/cbbc_media/One-Belt-One-Road-main-body.pdf
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