ASEAN financial integration and the Belt and Road Initiative: Legal challenges and opportunities for China in Southeast Asia

Publication Type

Book Chapter

Version

publishedVersion

Publication Date

9-2018

Abstract

This chapter explores the legalchallenges to Chinese financial institutions in Southeast Asia against thebackdrop of China’s grand ‘Belt and Road Initiative’ (BRI) and theestablishment of the Association of Southeast Asian Nations (ASEAN) EconomicCommunity. Banking and finance play important roles in promoting trade,investment and infrastructure projects. The development of ASEAN, an immenseeconomic bloc located immediately south of China, will have an enormous effecton the BRI strategy. This chapter outlines the current development of financialintegration within ASEAN with respect to the bloc’s banking and insurancesectors. It also considers the legal obstacles and potential trade barriersfacing Chinese banks and insurers offering credit facilities or insuranceprotection to projects implemented in ASEAN amidst further ASEAN financialintegration 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

Yun Zhao

First Page

163

Last Page

196

Identifier

10.1017/9781108332651.008

Publisher

Cambridge University Press

City or Country

Cambridge

Additional URL

https://doi.org/10.1017/9781108332651.008

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