xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Project

China's Greater Bay Area to establish a Sino-Russian financial center

September 29, 2018


Abstract : A Sino-Russian financial center will be established in China's Guangdong-Hong Kong-Macao Greater Bay Area.

微信图片_20180929111047

BEIJING, Sept. 29 (Xinhua) -- A Sino-Russian financial center will be established in China's Guangdong-Hong Kong-Macao Greater Bay Area. The project was initiated jointly by Savings Bank of the Russian Federation (Sberbank of Russia), Guangzhou Economic and Technological Development Zone and Beijing Xinnuo Investment Co., Ltd on Thursday.

The total investment of the project is 5 billion yuan (730 million U.S. dollars approximately), and half of which will be used for the construction.

It is reported that the Sberbank of Russia will set up a branch and a settlement center in the upcoming Sino-Russian financial center.

The center is designed to satisfy diverse needs with multiple financial services. Upon completion, it is predicted to facilitate the financial integration of Central Asia, West Asia, Europe, Russia, Mongolia and other countries. (Edited by Li Wenxin, [email protected])

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial