RDIF CEO Kirill Dmitriev discusses investment opportunities with leading Chinese investors
Is. Hainan, April 10, 2014 – CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, has attended the Boao Forum for Asia, a major international forum promoting political and business dialogue between Asia Pacific countries. Kirill Dmitriev participated in a closed Russian-Chinese meeting on Energy and Finance attended by a number of high-profile figures including representatives from Chinese companies such as China National Petroleum Corporation (CNPC), Sinopec, State Grid Corporation of China, China Investment Corporation, China Development Bank and The Export-Import Bank of China. The meeting covered energy issues and financial cooperation between Russia and China.
Kirill Dmitriev attended the forum’s session on “Russia: from resource-driven economy to innovation” and spoke with China’s leading financial institutions on the prospects of joint investments in various sectors of the Russian economy including agriculture, real estate, transport, financial services, alternative energy, pharmaceuticals and telecommunications.
Kirill Dmitriev, CEO of RDIF, said:
"Over the past 10 years, trade between the two countries has increased more than 5.5 times, and could reach $100 billion for the first time in 2014. The Russian Direct Investment Fund plays an important role in facilitating Russian-Chinese cooperation, having formed the Russia-China Investment Fund with China Investment Corporation, which is the leading platform for interaction with Chinese investors. We plan to announce new deals with our Chinese partners in the very near future."
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Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity co-investments primarily in Russia alongside reputable international financial and strategic investors. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at www.rdif.ru.
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