Investor Presentaiton

Further integration in ASEAN, RCEP, as well as the Belt and Road initiative are expected to deliver additional trade growth in Asia China Belt and Road Initiative Land route Maritime route Countries covered under plan¹ 65 " Number of planned projects1 >900 Trade along BRI by 20252 USD2.5trn World GDP connected4 Europe 29% Russia 1. 23 2. 3. UK Regional Comprehensive Economic Partnership (RCEP) Number of Asia-Pacific countries included Population covered as % of world total 16 48% Central Asia ◉ GDP as percent of world total 30% Mediterranean Sea Middle East South Asia Southeast Asia HK South China Sea Between now and 2050, the region will contribute 80% (c.USD100trn) of global economic growth, with three billion more people entering the middle class³ Capital dedicated to Belt and Road Initiative Indian Ocean Singapore South Pacific Fundraising centre Silk Road Fund: USD40m ASEAN integration Asia Infrastructure Investment Bank (AIIB): USD100m New Development Bank: USD50m Chinese policy banks e.g. China Development Bank, GDP and trade growth 1990-2014 CAGR Population by 2030 9% 736m China Export Import Bank " Private capital: bond issuances, IPOS Per capita GDP growth 2013-2030 3.6x Growth in middle class 2010-2025 2x BRI is geographically elastic, a fact acknowledged by Chinese government agencies. We have defined BRI coverage to include Greater China territories and countries identified using sources like HKTDC BRI coverage and State Council maps 4. HSBC Global Research, On the New Silk Road II 5.. China, Hong Kong, Singapore and the UK are expected to be key financing centres to support BRI Xi Jinping in 2015 Boao Forum, Xinhuanet, 29MAR15 (http://news.xinhuanet.com/english/2015-03/29/c_134107329.htm) McKinsey, estimated using Global Insight 32

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