Russian-Chinese Financial Council on June 23

On June 23, a regular meeting of the Russian-Chinese Financial Council took place. FBA EAC has been a member of the Council since 2017. Oleg Berezovoy, FBA EAC General Director, and Oleg Preksin, Member of the Board of the FBA EAC, Chairman of the International Banking Committee, represented the Association  at the meeting.
The meeting was held in a remote format. The moderator was the Secretary of the Council from the Russian side Maxim Osintsev.
Welcoming words were addressed to the participants of the meeting: Secretary of the Council from the Chinese side Zhou Jie, Chairman of the Far Eastern Bank of Sberbank of Russia Andrey Cherkashin and Deng Xinquan, Chairman of the Board of Directors of Harbin Bank.
In the greetings, the participants expressed a common point of view on the need to deepen and expand interbank, trade and project ties between the two countries.
Mikhail Matovnikov, Director of Sberbank's Financial Analytics Center, made a report on the macroeconomic situation in Russia. Xu Tenfeng, Director of Sberbank's Investment Activity Department, spoke about the activities of the Far Eastern Investment Hub. The participants received two presentations on the channels of cross-border payment systems: Finline is Sberbank's program and CIPS is the Chinese version of the banking payment system. Vadim Timokhin, Vice President of the International Department of the MKB, spoke about working with Chinese banks. The participants also got acquainted with the business conditions for foreign companies in Russia. Beac Solutions showed their presentation.
Summing up the meeting, Maxim Osintsev thanked the participants and once again stressed the strategic importance of strengthening and developing international partnership.