Moscow Exchange has signed memorandum of understanding with two Chinese securities firms – CITIC Securities and Galaxy Securities – during the Exchange Forum in Shanghai. The agreement aims to stimulate investment flows between Russia and China.
Under the agreements, the parties will cooperate on cross-border investments between Russia and China, with the two Chinese firms starting to provide access for their clients to Russian securities traded on Moscow Exchange.
The memorandum also includes assistance for Chinese corporates wishing to list their securities on Moscow Exchange.
“With today’s agreement we contribute to cooperation and will promote the influx of Chinese investors and issuers in the Russian market,” said Alexander Afanasie, the Chairman of the Executive Board of Moscow Exchange.
In its turn, the Deputy General Director of Galaxy Securities Anyu Yin expressed hope that “the signed document will be the beginning of a long-term fruitful cooperation that will benefit not only General customers, but also will contribute to the further development of Chinese-Russian relations in the sphere of investments and capital markets”.
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