In a sign of growing economic cooperation between Russia and China, VTB, Russia’s second-largest bank, has become the first bank from the country to receive a licence to open a branch in China. VTB’s Shanghai branch will primarily service Russia-China trade, big industrial inter-state projects and the investment projects of Russian and Chinese companies.
Gazprombank, the financial services arm of gas company Gazprom, has signed a cooperation agreement with China Development Bank.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
