Recently, Bank of China and the Asian Infrastructure Investment Bank (AIIB) have successfully executed a five-year cross-border Renminbi loan project for Uzbekistan's telecommunications sector, with total financing exceeding 7 billion Renminbi.

The project utilized Renminbi as the settlement currency throughout the entire process, which effectively enhanced capital utilization efficiency and further enriched the application scenarios for cross-border Renminbi settlements in Central Asia.

Project Focus and Impact

This initiative focuses on Uzbekistan's communication network infrastructure, using financial resources to robustly support investments in advanced communication technologies and equipment, thereby empowering real-economy enterprises to participate in the global industrial landscape.

The successful completion of this transaction fully demonstrates Bank of China's stable, professional, and efficient Renminbi service capabilities, marking another vivid practice of the bank's ongoing efforts to deepen international multilateral financial cooperation and promote the international use of the Renminbi.

About AIIB and Broader Cooperation

The AIIB is a multilateral development bank headquartered in Beijing, with over 110 members, focusing on investing in infrastructure and the real economy to support sustainable development and deepen regional connectivity in Asia.

Over the long term, Bank of China has consistently strengthened cooperation with multilateral financial institutions. Leveraging its global presence and comprehensive capabilities, the bank actively expands third-party market financing, establishing efficient and stable collaborative mechanisms.

It has executed several landmark international financing projects, continuously providing robust financial services to support the high-quality joint development of the Belt and Road Initiative.

Notable Past Collaborations

In 2021, Bank of China collaborated with the European Bank for Reconstruction and Development (EBRD) and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group to provide financing for the Syr Darya 1500MW Gas-Fired Combined Cycle Power Plant project in Uzbekistan, the largest of its kind in Central Asia.

The project's total financing exceeded $1.1 billion, strongly supporting local power supply and energy structure transformation.

Also in 2021, Bank of China partnered with the International Finance Corporation (IFC) to provide $3.6 billion in financing support for the Cerrado Pulp Mill in Brazil, operated by Suzano, the world's largest pulp production line.

The project's associated forest plantations enable carbon emission recovery, promoting sustainable development while increasing production capacity.

In 2025, Bank of China acted as the sole Chinese bank to arrange a syndicated loan for the expansion of Antalya Airport in Turkey, a core tourism hub on the Mediterranean coast.

The project's total financing exceeded €2.5 billion and was awarded the "2025 European Airport Deal of the Year" by IJ Global.

Future Direction

Bank of China will continue to deepen cooperation with multilateral financial institutions, promote the construction of a diversified financing network for overseas projects, and use cross-border Renminbi business as a key tool to inject a continuous stream of financial momentum into international capacity cooperation.