Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

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

projects

HOME > China 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, liwenxin@xinhua.org)


Related Coverage

Focus

Think Tank

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • Ask Us A Question

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

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

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

    Start a Free Trial