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Russia and China will strengthen investment cooperation

Kirill Dmitriev, Director General of the Russian Direct Investment Fund (RDIF) took part in the first meeting of the Russian-Chinese Intergovernmental Commission on Investments, which was held in Beijing under the chairmanship of the First Deputy Prime Minister of the Russian Federation Igor Shuvalov and Deputy Prime Minister of the People’s Republic of China, Zhang Gaoli. It was also attended by representatives of the Governments of Russia and China, as well as heads of leading companies of both countries, the press service of the fund said.

Following the meeting, Kirill Dmitriev was appointed Chairman of the Russian part of the Advisory Committee of Entrepreneurs of the Commission. From the Chinese side, this post was taken up by Chairman and Chief Executive Officer of China Investment Corporation (CIC), Dean Xuedong.

At the last meeting, the sides noted the importance of further stimulating investment cooperation between Russia and China by strengthening cooperation in such sectors as transport infrastructure, agriculture, mining, aluminum, timber, chemical and petrochemical industry, machine and equipment manufacturing, construction, light industry, information technology and telecommunications, production of innovative products.

Members of the Commission also assessed the role of the Russian-Chinese Investment Fund (RCIF), established by RFPI and CIC, including as a consultant on the projects being considered by the Commission and the organization of interaction between the Commission and the business community.

The parties stressed the need to consistently improve the investment climate of the two countries and encourage enterprises of Russia and China to closer investment cooperation.

For its part, the RCIF will continue to finance profitable projects in key sectors of the economy and will announce a number of new investments in the next two weeks.

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