Russia and China are close to another milestone of co-operation with the placement of an offshore renminbi bond in Russia by the Russian finance ministry that would open new funding options for the country’s issuers and bring Chinese investors one step closer to Russia’s equity market.

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.