The Shanghai Stock Exchange (SSE) and the Moscow Exchange (MOEX) co-held the 4th "Russia-China Capital Forum" in Moscow and St. Petersburg from September 10 to 12, 2018. Among those attending the forum were over 50 Chinese representatives from 42 institutions like China's securities companies, fund companies and listed companies and more than 200 Russian representatives from the Bank of Russia, the Russian Ministry of Finance and some 120 investment institutions. This is the 1st capital forum held by the two exchanges in Russia, and it has illustrated the new practice of the "Xi Jinping – Putin Face-to-face Talk" achievements in Vladivostok in the win-win cooperation of the capital market.
Sergey Storchak, Vice Minister of the Russian Ministry of Finance, Pan Xuexian, Chairman of the Supervisors of the SSE, and Alexander Afanasiev, CEO of the MOEX, made a keynote speech respectively.
Sergey Storchak said that the economic and trade cooperation between China and Russia has gone through rapid development. In 2017, the Russia-China trade volume reached US$84.07 billion, up by 20.8% year-on-year, and China became the largest trading partner of Russia for 8 consecutive years. In the first 7 months of 2018, the Russia-China trade volume has reached US$58.35 billion, up by 25.8% year-on-year, and the number of the whole year is expected to exceed US$100 billion. All these have injected new impetus for promoting the Russia-China capital market cooperation to a higher level. He believed that remarkable achievements will be made in this cooperation.
Pan Xuexian pointed out in his speech that the Russia-China comprehensive strategic partnership is at its best time in history. Their cooperation scope and the investment and trading scale have kept expanding, and their financial cooperation has continued to be strengthened, showing a bright development prospect. The Russia-China cooperation in the capital market will provide enterprises with a platform for cross-border investment and financing and for optimized resources allocation; and the equity and debts cooperation based on the capital market will help to form a development mechanism that the two countries jointly seek development, take risks and share benefits. There are numerous opportunities in the Chinese and Russian capital markets, and huge cooperative potential is waiting for further development.
Alexander Afanasiev reviewed the cooperation between the MOEX and the SSE. He said that the SSE has made many breakthroughs in international development, and the two exchanges can strengthen their cooperation in information and product development with their continuously deepened understanding and the improvement in external policy environment.
During the forum, the representatives engaged in in-depth discussion on "China & Russia: Important Opportunities for Economic Development and Investors", "Infrastructure Connecting China-Russia Financial Markets", "Capital Market Assisting the 'BRI': Cross-border Product Issuing and Listing" and "Capital Market Assisting the Innovative Development and Cooperation in Science and Technology". It is noteworthy that the forum has newly focused on the capital market assisting innovative science and technology and invited representatives from high-tech enterprises and investment companies in China and Russia to make in-depth introduction from such aspects as the development of the science and technology industry, the high-tech investment and financing and the technology transformation. It has preferred to build the Russia-China Capital Market Forum into a transnational platform for connecting high-tech enterprises and capital, so as to assist the development of scientific and technological enterprises and serving the real economy of the two countries. Besides, 11 Russian issuers have organized targeted promotional activities to some Chinese securities dealers and fund companies; and the officials of the Bank of Russia and the Russian Ministry of Finance have talked with the representatives of some securities dealers and fund companies.
China and Russia are joined by the same mountains and rivers. Just as General Secretary Xi Jinping said, "The China-Russia relationship is the most important bilateral relationship and the best major country relationship in the world." The successful convening of every "Russia-China Capital Market Forum" will lay a solid foundation for the exchange and cooperation between the Chinese and Russian capital markets. The SSE is committed to building itself into one of the major platforms for connecting the two markets.
