FORUM OF RUSSIAN-CHINESE FINANCE COUNCIL
Member of the Coordinating Council of FBA EAC, Vice-President of the Association of Russian Banks (ARB) Oleg Preksin participated in the forum on innovative financial and banking cooperation. April 8, 2016 on the island of Hainan Russian-Chinese Financial Council organized economic forum, “Challenges and perspectives: financial cooperation in the new reality.”
Forum participants listened to speeches Harbin Bank’s top managers, representatives of the Savings Bank, the Government of Hainan Province, the major Chinese and Russian scientists, economists, bankers and leading regional skilled production workers.
In his speech, Oleg Pereksin noted that in bilateral relations it is time for new players and solutions put forward for consideration by a number of colleagues initiative proposals. Among them – the creation of regional and inter-regional investment funds, the establishment of a collective examination of projects, including syndicated loans, mutual use of – the special rights of the IMF borrowing, which increases the attractiveness of adding in the estimated cart RMB, etc..
The sides signed an agreement on financial cooperation in the development of the Russian Far East, on cooperation in the preparation and on the comprehensive strategic partnership between the Bank and the Bank of Harbin Hainan, the development of settlements in national currencies, on cooperation in the field of derivatives and developing syndicated loans.
With the guidance of Harbin Bank has reached an agreement in principle on establishing cooperation with the Financial & Banking Association of Euro-Asian Cooperation (FBA EAC) on a wide range of issues of growth and the strengthening of business ties Eurasian countries.
This post is also available in Russian: ФОРУМ РОССИЙСКО-КИТАЙСКОГО ФИНАНСОВОГО СОВЕТА