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RCFC Forum for cooperation and mutually advantageous development

RCFC Forum for cooperation and mutually advantageous development

On May 23-24, 2019 in Sanya, China the Fifth annual forum was held by the Russian-Chinese Financial Council. This year the event was timed to the 70th anniversary of diplomatic relations between Russia and China.

The forum gathered 80 companies, mostly banks’ management and financial structures.

Colleagues from Sberbank presented their approach to the development of economic processes in Russia today. An interesting report was delivered by chief economist and executive director of Sberbank Anton Struchenevsky. He observed the current economic situation and figures to show the decreasing dependence of the Russian economy from the oil sector.

The Director of the Russian Institute of the Chinese Academy of Social Sciences Professor Ma gave an outlook of Russian-Chinese financial cooperation and its headwinds.

The Head of FBA EAC Representative office in China Evgeny Bazhov also delivered a speech. He suggested the FBA EAC platform for the development of cooperation between financial and banking structures. The Association is a partner in many investment projects and programs on the territory of “big” Eurasia, and focuses on cooperation based on the proposals of expert groups under the governments of China and Russia. The Association can also act as a guarantee of security and stability for investors. FBA EAC and its members are present in more than 20 countries, have access to capital markets which provides for infrastructure and commercial projects development on the territory of Eurasia, enhances confidence among economic players.

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From left to right: Head of Representative office of Promsvyazbank in China Irina Kuligina, CEO of the Bank of Harbin Tianjun Lyu, Head of FBA EAC Representative office in China Evgeny Bazhov, Managing Director of Ak Bars Bank Mark Rubinshtein.