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Anne Petterd, head of international commercial and trade, Asia Pacific, at the law firm Baker McKenzie, said: "Throughout the pandemic we have seen parts of towns and countries closing down and opening up again.

Another big chunk of investment, roughly 800 million yuan, was spent on free food, free dormitories, and scholarships for children of farmers and herders.

Anoop Ranjan Bhattarai, president of OSARFCC also urged Chinese and other South Asian entrepreneurs to make Nepal a destination of investment as the Himalayan country can be gateway to South Asia.

Another key event was the poverty alleviation aid signing ceremony. A number of Chinese key enterprises have invested in Tibet to help its poverty-stricken people.

Apart from the facilitation of trade, the bank is focused on payments and connecting treasury services if a Chinese corporate wants to establish offices in multiple ASEAN countries. It can also advise Chinese companies on regulation and economic opportunities based on its experience in major ASEAN economies and a broad network of 200 branches in the region.