StanChart, Ant Financial sign ‘Belt & Road’ partnership

The London-based Standard Chartered Bank and Ant Financial, Alibaba Group Holding Ltd.'s payment subsidiary, agreed to collaborate in the countries located along the strategic initiative 'Belt & Road & # 39; ; in China.

StanChart said Monday that both companies will work to improve access to financial services in countries along the way, without giving details on how the partnership will work.

The China Belt and Road Initiative aims to recreate the ancient Silk Road with massive infrastructure projects to connect China to Europe and beyond.

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