China-Russia financial cooperation in progress

Published: 28 November 2003 y., Friday
The second meeting of the China-Russia financial cooperation forum opened Thursday in Beijing. Addressing the meeting, Li Guixian, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, said the smooth development of Sino-Russian ties had brought bright prospects for financial cooperation between the twosides. Li, also chairman on the Chinese side of the Sino-Russian Friendship Committee for Peace and Development and honorary president of the Chinese Monetary Society, said the two countries'financial cooperation was making constant progress. He listed the signing of a settlement agreement for border areas, the development of relations between commercial banks, cooperation against money-laundering and financing for terrorism, and cooperation in the insurance business. The forum first met in 2001 in Moscow, which greatly promoted financial cooperation, Li said. In his letter to the meeting, Russia's Deputy Prime Minister Viktor Borisovich Khristenko said more banks from the two sides are providing financial services to the trade and economic development, and the mutual trust between the banks has also been strengthened. More than 200 people from the financial communities of both sides attended the two-day event.
Šaltinis: english.peopledaily.com.cn
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Financial sector: preventing the next crisis

New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed. more »

Russia's accession to WTO and China's role in world economy were discussed in Vilnius

On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy. more »

Globalisation fund: Budgets Committee backs aid to Spain and Ireland

2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday. more »

Commission rewards Europe's best green businesses

Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment. more »

Fisheries reform: firm backing for research but differing views on quotas

The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday. more »

First JESSICA fund loan agreement signed with Lithuania’s Šiaulių bankas

The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas. more »

Estonia's euro

Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January. more »

'Polluter pays' principle for banks

Commission proposes a bank tax to cover the costs of winding down banks that go bust. more »

Strong EIB support for new energy investments in Greece

The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery. more »

The promotion of the electric vehicle in Europe, under examination

European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals. more »