As part of the project on strengthening bilateral cooperation between Russia and China in terms of investment and capital markets, the Moscow Exchange signed the memorandums of understanding with two leading Chinese broker companies CITIC Securities and Galaxy Securities – RIA News reports.

The documents were signed on Thursday in Shanghai on the sidelines of the exchange forum Russian Capital Markets, organized jointly with the Moscow Exchange and Shanghai Stock Exchange.

The terms of agreements stipulate the cooperation of parties for the purpose of stimulation of investment flows between Russia and China. The Chinese brokers will provide its clients with an access to Russian securities trading on the Moscow Exchange, while it is foreseen to assist Chinese companies, wishing to have listing on the Moscow Exchange.

“China is the largest trading partner of Russia, and we see the large potential for development of our ties in terms of investment and capital markets… We hope that today’s agreements will contribute to our cooperation and arrival of Chinese investors and issuers on the Russian market”, - CEO of the Moscow Exchange Alexander Afanasiev reports.

Deputy CEO of Galaxy Securities expressed confidence that the signed agreement will become a start for long-term fruitful cooperation. “It is great honor and joy for us to sign the memorandum of understanding with the exchange… We are confident that the signed document will become a start for long-term fruitful cooperation, which will provide benefit not only to our common clients, but also to further development of Chinese-Russian relationships in the sphere of investment and capital markets”, Yin said.

“We also agreed on conducting educational and training programs for clients of both parties for preparation of soil for the arrival of investors on Chinese and Russian capital markets”, he said. Ma Yao also noted that the continued development of relationships between China and Russia will allow clients to get more attractive investment opportunities, including an access to debt capital markets and listing of some companies of the mainland China.