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Sino-Russian Financial Cooperation Roundtable in Vladivostok enhances ties

SOME 200 people attended the Sino-Russian Financial Cooperation Roundtable held in Vladivostok, Russia - an event jointly organised by the Asian Financial Cooperation Association (AFCA), Association of Banks of Russia, China Economic Information Service (CEIS), and the Harbin New Area Management Committee

Sino-Russian Financial Cooperation Roundtable in Vladivostok enhances ties

SOME 200 people attended the Sino-Russian Financial Cooperation Roundtable held in Vladivostok, Russia - an event jointly organised by the Asian Financial Cooperation Association (AFCA), Association of Banks of Russia, China Economic Information Service (CEIS), and the Harbin New Area Management Committee

18 September 2019 - 19:00

SOME 200 people attended the Sino-Russian Financial Cooperation Roundtable held in Vladivostok, Russia - an event jointly organised by the Asian Financial Cooperation Association (AFCA), Association of Banks of Russia, China Economic Information Service (CEIS), and the Harbin New Area Management Committee.

This roundtable event is designed to serve as a platform for China and Russia to deepen their financial cooperation, according to Association of Banks of Russia vice chairman Khandruyev Alexander.



China has been Russia's largest trading partner for nine consecutive years. In 2018, trade between the two nations rose by 27 per cent year on year to reach a record US$100 billion.



Harbin New Area Management Committee head Wang Tieli said that Harbin new area is the only national-level new district in China looking to attract Sino-Russian cooperation. In 2020, Harbin new area will rely on the regional market and regional cooperation explored by Chinese enterprises to build a Sino-Russian cross-border agricultural industrial park.



At the meeting, AFCA vice chairman Pan Guangwei proposed that the two countries accelerate the opening of bilateral finance, broaden the financing channels of enterprises, innovate the Sino-Russian financial cooperation model with the help of financial technologies, and give industry associations a role to play in the deepening of Sino-Russian financial cooperation.



CEIS senior executive Wang Tianwen said that the CEIS rolled out the Sino-Russian (Harbin) economic and trade index in June that aims to act as a 'barometer' for Sino-Russian trade by creating a quantifiable index system.


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