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Intend to Bank Vostochny intend to expand cooperation with Chinese companies

Intend to Bank Vostochny intend to expand cooperation with Chinese companies
Photo: pixabay.com

Vostochny Bank intends to expand cooperation with companies from China and is ready to provide a full range of banking services to entrepreneurs implementing Russian-Chinese projects. For this purpose, an entire ecosystem of products and services has been created to help accelerate work with Chinese counterparties.

“Our bank became one of the first Russian issuers of cards of the Chinese UnionPay payment system, and last year signed an agreement with the Heihe Rural Commercial Bank of China on opening mutual correspondent accounts,” the chairman stated during the Summit of Small and Medium Business of APEC Member Countries Board of Vostochny Bank Vyacheslav Harutyunyan.

The Bank is ready not only to provide comprehensive support to SME representatives, but also to provide expert assistance to Chinese companies, financial institutions and investors planning to develop cooperation with Russian partners.

As part of a business visit to China, a meeting was held with the leadership of one of the largest banks in the world, China Merchants Bank. During the negotiations, the parties discussed issues of providing banking services to Russian and Chinese SMEs, Chinese tourists and travel agencies, the possibility of delivering cash yuan to the Far East, establishing links for trading in Russian and Chinese debt securities, and much more.

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