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China and Russia signed a memorandum of RMB clearing arrangements

  • Author:Dreamy F
  • Source:www.china-disposable.com
  • Release on :2016-07-04
June 25, People's Bank of China and the Central Bank of Russia signed a memorandum of cooperation established in Russia RMB clearing arrangements.China's central bank responded by saying that Russia established the RMB clearing arrangements, will be conducive to Chinese and Russian companies and financial institutions use the RMB cross-border transactions, to further promote bilateral trade and investment facilitation. 

Recently, China and Russia have achieved a number of cooperations in the financial sector.June 24, the central bank announced to achieve cooperation between the two countries in the prevention of money laundering and terrorist financing, including the areas of anti-money laundering regulatory cooperation, exchange of information, on-site inspection and other arrangements, personnel exchanges and training.

At present, Sino-Russian relations can be said that in the best historical period. Chinese Ambassador to Russia Li Hui June 20, said China-Russia practical cooperation in various fields to promote the development of bilateral relations is a powerful driving force. At present, China has become Russia's largest trading partner and an important source of foreign investment, Russia is one of the main sources of China's imports of energy, mechanical and electrical and high-tech products.

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