Publication Type
Book Chapter
Version
publishedVersion
Publication Date
9-2018
Abstract
This chapter explores the legal challenges to Chinese financial institutions in Southeast Asia against the backdrop of China’s grand ‘Belt and Road Initiative’ (BRI) and the establishment of the Association of Southeast Asian Nations (ASEAN) Economic Community. Banking and finance play important roles in promoting trade, investment and infrastructure projects. The development of ASEAN, an immense economic bloc located immediately south of China, will have an enormous effect on the BRI strategy. This chapter outlines the current development of financial integration within ASEAN with respect to the bloc’s banking and insurance sectors. It also considers the legal obstacles and potential trade barriers facing Chinese banks and insurers offering credit facilities or insurance protection to projects implemented in ASEAN amidst further ASEAN financial integration and the ASEAN-China free trade agreement (FTA).
Keywords
ASEAN, financial integration, Belt and Road Initiative
Discipline
Asian Studies | International Trade Law
Research Areas
Corporate, Finance and Securities Law
Publication
International governance and the Rule of Law in China under the Belt and Road Initiative
Editor
ZHAO, Yun
First Page
163
Last Page
196
Identifier
10.1017/9781108332651.008
Publisher
Cambridge University Press
City or Country
Cambridge
Citation
CHEN, Christopher C. H..
ASEAN financial integration and the Belt and Road Initiative: Legal challenges and opportunities for China in Southeast Asia. (2018). International governance and the Rule of Law in China under the Belt and Road Initiative. 163-196.
Available at: https://ink.library.smu.edu.sg/sol_research/2803
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1017/9781108332651.008