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Alexei Chekunkov: "The Chinese partners now have a surplus of capital and a lack of projects"

The Chinese commercial and industrial bank is interested in expanding cooperation with Russia, including through cooperation with the Far Eastern Development Fund, Deputy Prime Minister Yury Trutnev told reporters today after a meeting with the bank's management.

“The volume of the bank's assets - $ 3 trillion - is in some way an unrealistic figure, - said Trutnev. - Today we said that the Chinese bank already has projects in Russia, the volume of the portfolio is about 9 billion (dollars-ed.) ".

"They are interested in expanding, they are ready to work together with the Far East Development Fund," the Deputy Prime Minister added. According to him, the mechanisms of possible cooperation are very flexible - it will not be just lending, the Chinese partners are ready to lend both with an entry into the authorized capital and on a concession basis.

The Chinese bank can help the entry of Chinese companies, for example, into the construction market and at the same time finance the construction of facilities. In addition, it was about providing the possibility of leasing payments, notes Trutnev

"I am confident that now the Far East Development Fund, together with the Commercial and Industrial Bank of China, will finalize these proposals to the point and we will work together," the Deputy Prime Minister stressed.

Alexei Chekunkov, head of the Fund for the Development of the Far East, noted that the Chinese partners now have "an excess of capital and a lack of projects." According to him, the profitability that infrastructure projects in the Far East can offer is competitive in today's market. The Chinese partners, he said, need unequivocal support from a professional development institution.

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