The Haikou International Investment Promotion Agency held an online contract signing ceremony with the Russian Solidarity Bank, the Russian Federation of Asian Industrial Entrepreneurs and China Huaming International Investment Co., Ltd., as well as with three agencies to open channels for investment cooperation with Russian-speaking countries, the Commonwealth Independent States and countries of Central and Eastern Europe.
This is the first time that the city of Haikou has signed cooperation agreements with prominent Russian financial institutions and professional organizations in the industrial sector since the publication of the Hainan Free Trade Port General Plan. The Russian Bank of Solidarity ranks 54th among Russian financial institutions and has repeatedly received the Federal Government of Russia Prize for achievements in the field of economics and finance. As a member of the Russian-Chinese Financial Union, the bank actively participates in the Sino-Russian economic and trade activities and the construction of the Belt and Road, and also became an indirect participant in the Cross-Border RMB Payment System (CIPS), as well as a member of UnionPay International.
The relevant person in charge of the city of Haikou said that the signing will further deepen the comprehensive cooperation between the city of Haikou and Russia in the areas of finance, trade, tourism and energy. In accordance with the agreement, the Russian Solidarity Bank, the Russian Federation of Asian Industrial Entrepreneurs and other divisions will explore the possibility of establishing financial branches and representative offices in the city of Haikou in accordance with the regulations, will use the preferential policy of the Hainan Free Trade Port to develop international business and make full use of the advantages of their channels.
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