Meeting of leading entrepreneurs from Russia and China focuses on joint investments between two countries
Press release, 31.10.2017
Beijing, October 31, 2017 - More than 150 representatives of leading Russian and Chinese companies took part in the third meeting of the Russian-Chinese Business Advisory Committee (Committee). This has become one of the largest meetings of Russian and Chinese businesses over the past few years.
The Committee is the business arm of the Intergovernmental Russian-Chinese Commission for Investment Cooperation. As part of the work of the Committee, headed by Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), representing Russia, and Tu Guangshao, Vice Chairman and President of China Investment Corporation (CIC), representing China, the participants discussed implementation of a number of priority investment projects. To date, there have been 73 projects being developed jointly, with a total value of about $100 billion.
During the meeting, a range of measures to improve the interaction and implementation of joint projects by companies of the two countries in various sectors of the economy, including e-commerce, were discussed. The parties also considered steps to support investment cooperation, including media and information support.
Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, noted:
“We see that this strategy for the joint discussion and joint implementation of Russian-Chinese projects is having an effect. This is evidenced by the Committee’s work and the RCIF’s activities. The growing interest on the part of both Russian and Chinese companies confirms the prospects for cooperation and allows us to count on a substantial increase in mutual investment in the near future.”
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133