On financial cooperation subcommittee meeting of Russia-China committee
Bank of Russia Deputy Governor Dmitry Skobelkin and Assistant Governor with PBOC Jin Qi met in Shanghai on June
The parties addressed some settlement issues within bilateral trade, financial interaction in trade and project lending as well as in the payment services sphere. The parties also focused on the task to promote settlements in national currencies in reciprocal trade and investments, as well as new aspects related to dynamic growth of trade and economic relations in the near-border areas: problems with cross-border transfer of cash rubles and yuans, and the need to strengthen their counterfeiting prevention.
The parties also discussed bilateral cooperation to establish independent ratings, peculiarities of the operational mode for Shanghai free economic zone and some other issues of mutual interest.
Representatives of the Russian and Chinese economic financial community noted a steady growth of reciprocal presence in the banking sector, growth of the network of direct correspondent relations between Russian and Chinese banks, growth of ruble-yuan currency trade, implementation of new forms of financial cooperation (in particular, in insurance), and outlined the ways for better understanding in the financial sphere.
The next 16th meeting of the Subcommission will take place in Russia in 2015.
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26.06.2014 00.00.00