21st meeting of Russian-Chinese Subcommittee on Cooperation in Financial Issues
On 8 September 2020, the 21st meeting of the Subcommittee on Cooperation in Financial Issues of the Russian-Chinese Commission for the Preparation of Regular Meetings of Heads of Government took place as a video conference.
The Russian delegation was headed by Bank of Russia Deputy Governor Dmitry Skobelkin; the Chinese delegation was headed by People’s Bank of China Deputy Governor Chen Yulu.
Key items on the meeting agenda included expanding the use of national currencies in mutual settlements, the efforts to secure uninterrupted settlements between Russian and Chinese market participants, building the Russian-Chinese financial infrastructure for mutual investment in the securities market, and matters related to cooperation in insurance, payment systems and bank cards.
In the course of the meeting, the parties noted a positive trend in cooperation between Russia and China in the financial sector; it was agreed that the parties would continue to join efforts with a view to assisting trade and economic activities between Russia and China.