China's securities regulator has shortened the processing time for companies seeking to list on domestic stock exchanges in a bid to reduce a waiting list of nearly 800 applicants and pave the way for reform of initial public offering (IPO) procedures.

Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings have agreed to establish a joint Russia-China Venture Fund (RCVF). The fund will promote the development of trade and economic, investment, scientific and technological cooperation between the Russian Federation and the People's Republic of China. The agreement was signed today during the session of the Russia-China Business Advisory Committee.