“One Belt One Road” Initiative (“OBOR”) was proposed by the Chinese President, Xi Jinping in 2013, which is a development strategy focusing on connectivity and cooperation between the “Silk Road Economic Belt” and “21st Century Maritime Silk Road”.
OBOR runs through the Eurasian continent, connecting the Asia-Pacific Economic Circle to the East and vice versa. The Chinese Government places emphasis on OBOR “to enhance the regional connectivity and embrace a brighter future.” It is “to construct a unified large market and make full use of both international and domestic markets, through cultural exchange and integration, to enhance mutual understanding and trust of member nations, ending up in an innovative pattern with capital inflows, talent pool, and technology database.”
The Tsangs Group is actively embracing OBOR and supporting the exchange and development of investment, enterprise and information along OBOR through overseas investment, provision of strategic advisory and business services, overseas technical services and international trade.
At present, in the 65 countries and regions covered by OBOR, the Tsangs Group’s own investment and acquisition of Chinese companies include cultural media, oil and gas, energy, natural minerals, and IT.