Asian Infrastructure Investment Bank’s president Mr. Jin Liqun shares with JIPD Editor-in-Chief, Dr. Gu Qingyang, his passion for infrastructure finance, as he reflects upon his goal of steering an environmentally friend and corruption-free AIIB toward building social-impacting infrastructure across Asia.
From governmental departments to international financial institutes, Mr. Jin Liqun has undertaken almost every essential role in finance. With his vast experience across the private and public sectors, particularly in multilateral development banks, Mr. Jin Liqun currently serves as Asian Infrastructure Investment Bank (AIIB)’s first President since its founding in 2016, following a stint as Secretary-General of the Multilateral Interim Secretariat created to establish the bank. Beginning from his two decades of governmental experience at the Chinese Ministry of Finance, rising from the rank of Deputy Director General to Vice Minister, Mr. Jin was then called to serve as Vice President, and then Ranking Vice President, of the Asian Development Bank, and later as Alternate Executive Director for China at the World Bank and at the Global Environment Facility. Mr. Jin had also served as Chairman of China International Capital Corporation Ltd., China’s first joint-venture investment bank, in addition to serving as Chairman of the Supervisory Board of the sovereign wealth fund China Investment Corporation and as Chairman of the International Forum of Sovereign Wealth Funds.

Heavy metal contaminated soil due to industrial, agricultural and municipal activities is becoming a global concern. Heavy metals severely affect plants, animals and human health. A suitable technology is necessary for heavy metals removal because it cannot self-decomposition as organic compounds. Among the various technologies surveyed, phytoremediation is one of the safest, most innovative, environmental friendly and cost-effective approach for heavy metals removal. Nevertheless, traditional phytoremediation practices pose some limitations such as long processing time, unstable treatment efficiency and limited application at large scale. In many methods proposed to improve phytoremediation, integrated phytoremediation has been studied in the recent years. Integrated phytoremediation use chelating agents and phytohormones to enhance phytoremediation. This is an environmentally safe, saving time and relative high effective method. Results showed that the association of a metal ion and a chelating agent to form chelates helps to maintain the availability of metals in the soil for the uptake of plants. Phytohormones supply nutrients for the soil to support vegetable growth. Therefore, integrated phytoremediation is a promising solution to overcome the disadvantages of conventional phytoremediation. It should be taken commercialization and need more applied projects in this field to demonstrate and clarify the real potential of this technology. In view of above, this manuscript reviews the mechanism and the efficiency of integrated phytoremediation for heavy metals in contaminated soil to give an overview of this technology.

This paper uses Public Choice analysis to examine the case for and experience with Public-Private Partnerships (PPPs). A PPP is a contractual platform which connects a governmental body and a private entity. The goal is to provide a public sector program, service, or asset that would normally be provided exclusively by a public sector entity. This paper focuses on PPPs in developed countries, but it also draws on studies of PPPs in developing countries. The economics literature generally defines PPPs as long-term contractual arrangements between a public authority (local or central government) and a private supplier for the delivery of services. The private sector supplier takes responsibility for building infrastructure components, securing financing of the investment, and then managing and maintaining this facility.

However, in addition to those formed through contracts, PPPs may take other forms such as those developed in response to tax subvention or coercion, as in the case of regulatory mandates. A key element of PPP is that the private partner takes on a significant portion of the risk through a schedule of specified remuneration, contingency payments, and provision for dispute resolution. PPPs typically are long-term arrangements and involve large corporations on the private side, but may also be limited to specific phases of a project.

The types of PPPs discussed in this paper exclude arrangements which may result from government mandates such as the statutory emission mandates imposed on automobile manufacturers and industrial facilities (e.g., power plants). It also excludes PPP-like organizations resulting from US section 501(c)(3) of the Internal Revenue Code, which provides tax subsidies for certain public charities, scientific research organizations, and organizations whose goals are to prevent cruelty to animals or erect public monuments at no expense to the government. This paper concludes that an array of Public Choice tools are applicable to understanding the emergence, success, or failure of PPPs. Several short case studies are provided to illustrate the practicalities of PPPs. 

The project finance scenario has changed significantly around the world after the 2008 financial crisis and following the subsequent Basel III recommendations. Project finance loans from commercial banks and financial institutions have largely dried up, leaving it mostly to the export credit agencies and the bilateral and multilateral development banks to provide the institutional credit. Unfortunately, those sources are not enough, given the huge needs for construction of new infrastructure and renovation of the old ones across Asia, Africa and Latin America. The need for capital markets, through market listed financial products across asset class, unlocking a large part of domestic and corporate savings, has never been felt as strongly before. This article seeks to analyze the development story of various Asian capital markets and examine financial products, which have succeeded in their short history in receiving investor interest. The article also delves into the challenges to market development, policy imperatives and the issues relating to market liquidity and credit rating, which are the most significant influencers for public market float and investor interest.

Cucumber Variety ‘Drite L108’ (Cucumis sativus L. Cv. Derit L108) was selected as the test material. In the solar greenhouse, different days (1, 3, 5, 7, 9 d) of light (PAR < 200 µmol·m^-2·s^-1) and normal light conditions were designed with shading nets to observe the growth indexes of cucumber plants and the changes of antioxidant enzyme activities in leaves. The results showed that: (1) continuous low light increased the SPAD (relative chlorophyll) value of cucumber leaves and decreased the net photosynthetic rate. The longer the continuous low light days are, the smaller the net photosynthetic rate of cucumber leaves and the worse the photosynthetic recovery ability would be. (2) The plant height, stem diameter and leaf area per plant were lower than CK, and the above indexes could not return to the normal level after 9 days of normal light recovery; the yield and marketability of cucumber fruit decreased under continuous low illumination. (3) The activities of SOD (superoxide dismutase) and POD (peroxidase) in cucumber leaves increased, the activities of CAT (catalase) first increased and then decreased, and the content of MDA (malondialdehyde) continued to increase. The longer the days of continuous light keep, the more seriously the cucumber leaves were damaged by membrane lipid peroxidation. After continuous light for more than 7 days, the metabolic function of cucumber leaves was difficult to recover to the normal level.

Influenced by global financial crisis in 2008, many countries around the world have realized the significance of sustainable development. And green development, as the most important pathway to sustainability, has been implemented by various countries. In this context, green development has drawn great attention from academic researchers both at home and abroad in recent years and has become an interdisciplinary-oriented research direction. As an applied basic research field for exploring the structural change of resources and environment as well as regional sustainable development, geography plays an essential role in the research of green development. Based on an intensive literature review, this article firstly summarized the connotation and analytical framework of green development. Secondly, it systematically outlined the progress of green development research from the perspective of geography and thus extracted seven themes, that is, the influencing factors of green development, assessment methods, spatial and temporal characteristics of green development, green development and industrial transformation, green transformation of resource-based cities, the effect of green development, and green development institutions and recommendations. Comments were made on the existing studies including their shortcomings. Finally, future research emphases were discussed, aiming to provide references for further study on green development from the perspective of geography in China.