The People's Bank of China (PBOC), China's central bank, has signed a currency swap agreement worth 150 billion yuan ($24.4 billion) with the Russian central bank.
13 October 2014 – Moscow Exchange and Bank of China have signed a cooperation agreement aimed at expanding collaboration between the Russian and Chinese financial markets. Bank of China President Chen Siqing and Moscow Exchange CEO Alexander Afanasiev signed the agreement during an official visit between the Chinese and Russian Prime Ministers.
The Russia-China Investment Fund (RCIF) has reached an agreement in principle on investment in JSC Detsky mir, the biggest player in children’s merchandise in Russia. Currently, one hundred per cent of the company’s share capital is controlled by Sistema JSFC.
A leading Russian financial events website Finparty.ru has published an article on the recent expert discussion organised by ARFI (Investor Relations Managers' Association) in Bloomberg's Moscow office on 15 July 2014. The discussion focused on financial markets in South East Asia.
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.
RusHydro plants to develop small hydro in the Russian Far East with the leading companies from China
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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.