The Belt and Road Studies Network (BRSN), co-initiated by Xinhua Institute and 15 other think tanks, was inaugurated in Beijing Wednesday.

The BRSN is an open mechanism of academic exchanges and cooperation, which is established to serve international think tanks, international and regional organizations and researchers of various countries, and promote the studies and academic exchanges on the Belt and Road Initiative (BRI), according to a statement issued at the inauguration meeting Wednesday.

Its 16 initiators formed an initiators council, and Cai Mingzhao, president of Xinhua News Agency and chairman of Xinhua Institute, serves as chairperson of the council. Xinhua Institute, the leading initiator, also hosts the Secretariat of the council.

The BRSN plans to hold an academic exchange event each year, organize seminars and field trips to Belt and Road projects, and raise money to set up a non-profit Belt and Road international research fund.

The inauguration of the BRSN will surely promote think tank studies on the Belt and Road to a higher level, and contribute more wisdom and strength to the Belt and Road construction, said the statement.

The official website, www.brsn.net, was launched at the meeting. The BRSN will also launch its App, as well as create a BRSN journal and a BRI-related basic database.

More than 200 experts and scholars from 59 countries and two international organizations attended the inauguration meeting.