Russian banks will be able to replenish their capital Chinese yuans
Central Bank of Russia will allow Russian banks to replenish their capital in RMB.
Since there is an interest on the part of the Chinese banks to open in Russia Chinese bank branches. Then they'll be able to form the authorized capital by means of its currency. Now the preparation of the documents are in the final phase.
The preparation of these documents discussed in the framework of bilateral Russian-Chinese relations, and is connected with the de-dollarization of settlements between Russia and China.
President of the Sino-Russian analytical center Sergei Sanakoyev said that the opportunity to replenish their capital from RMB interest to those already working in the Russian market Chinese credit institutions, which thus will be able to expand their business. "I think we will also see the arrival of new Chinese banks to our market this year," - he said.
In Russia, several major Chinese banks now operate, in particular the Bank of China, China Construction Bank and Industrial and Commercial Bank of China. The latest in the beginning of 2015, Russia opened Chaynaselhozbank owned by state-controlled Agricultural Bank of China. The Bank is among the four largest banks in China.