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Sovereign Wealth Funds Briefing - Categorized | Market

Russia-China financial cooperation to achieve new height: official

Posted on 22 March 2013

Chinese President Xi Jinping’s upcoming visit to Russia will bring the financial cooperation between the two countries to a new height, a Russian banker says. Financial cooperation constitutes a crucial part of bilateral comprehensive strategic partnership of coordination, Alexander Ivanov, deputy head of the Vnesheconombank (VEB), said.
Last June, Chinese Investment Corporation and Russian Direct Investment Fund established a 4-billion-dollar Russia-China Investment Fund. “This fund invests into infrastructural projects and contributes a lot to job creation both in Russia and China,” he said………………………………………..Full Article: Source


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