The National Development and Reform Commission (NDRC) has recently released new rules to simplify the approval process for foreign investments and delegate more approval powers to local authorities. The Administrative Measures for the Approval and Record Filing of Foreign Investment Projects to replace the interim measures issued in 2004 will go into effect on 17 June 2014.
JSC RusHydro announces that today during the official visit of the President of the Russian Federation, Vladimir Putin, to Shanghai, RusHydro has signed a number of agreements on cooperation with the leading Chinese energy companies.
En+ Group, a leading Russian diversified mining, metals and energy conglomerate and Shenhua Group, the China’s largest coal company, agreed on the next stage of cooperation for the development of the Zashulanskoye Coal deposit in the Transbaikal, Russia.
EUROCEMENT group (the biggest cement manufacturer in the CIS and 9th biggest in the world) signed a series of contracts with companies from the groups SINOMA, CNBM and SINOMACH , for the supply of equipment worth a combined total of more than half a billion dollars, within the context of a project, on a scale that has never seen before, involving the construction of modern cement manufacturing plants. The plants will use the energy-efficient, environmentally friendly 'dry' process to manufacture a total of 17 million tonnes of cement a year in 6 Russian regions (the Leningrad, Ryazan, Bryansk, Arkhangelsk, Ulyanovsk and Samara Regions).
Witnessed by the Chinese President Xi Jinping and the Russian President Vladimir Putin, China Petrochemical Corporation (Sinopec Group) and SIBUR today entered into a strategic cooperation agreement during a state visit of President Putin to China. The arrangements provide for both parties to deepen strategic cooperation.
New rules to allow direct share trading between Hong Kong and Shanghai could be in place within six months.