Russia will offer Chinese authorities to lift restrictions on work of Chinese banks on Russian bond market - Finance Minister Siluanov

UFA. July 8. / TASS / Russia will offer Chinese authorities to lift restrictions on work of Chinese banks on Russian bond market, said Finance Minister Anton Siluanov on Wednesday at the BRICS summit in UFA. "We would be interested in participation of Chinese banks in the Russian financial market, today there are some restrictions in this segment for the participation of credit institutions in China in the Russian financial market. We believe that the Russian market is as sovereign as it is promising, in terms of corporate bonds. We will ask our Chinese partners to consider the lifting of restrictions that exist today among Chinese banks to work on the Russian bond market," said Siluanov. The Minister also confirmed that at the meetings with the representatives of the Chinese financial authorities have discussed the possibility of Russian companies participating on the Chinese market. "If there will be interest from corporate bodies in entering the Chinese market, securities denominated in yuan, the Chinese side will give us that opportunity," said Siluanov. Read more