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Joint Site of Ministries of Foreign Affairs of BRICS Member States

Friday, January 20, 2017

China to Develop Banking Relations With Russia in 2017

China's State Administration of Foreign Exchange (SAFE) will further develop and expand cooperation with Russia in the banking sector in 2017, a spokeswoman for the SAFE said.

"The State Administration will promote close cooperation between commercial banks of the two countries, expand its duties for the development of trade and economic ties," Wang Chunying said at a briefing.

According to Wang, the two sides have already achieved some progress and will continue the bilateral work in 2017.

SAFE is the leading Chinese body responsible for banking relations with other states, the spokeswoman added.

Source: Sputnik