OREANDA-NEWS. At the initiative of Harbin Bank and with support from Sberbank, the first Russian-Chinese Financial Council conference took place at EXPO-2015.

In the presence of the governor of Heilongjiang Province, heads of administrative provinces and the city of Harbin, the agreement to create a special open platform was signed by 17 Russian and 18 Chinese financial organizations. The platform will make it possible to establish contacts, exchange experience and information, and discuss current issues of Russian-Chinese financial relations. In particular the platform addresses settlements in national currencies, financing and servicing trade, operations on capital markets, and leasing operations.

On behalf of Sberbank the agreement was signed by Chairman of the Board of Sberbank's Dalnevostochny Bank, Evgeny Titov. On behalf of other participants the document was signed by heads of Russian and Chinese financial organizations: banks and investment, leasing, management and insurance companies.

Commenting on the signing, Dalnevostochny Bank's Chairman of the Board Evgeny Titov said "Conditions on global markets have presented difficulties for Russian banks, so closer relations between Russian and Chinese financial institutions is a timely development. We have supported this initiative and intend to continue developing our cooperation in this area and achieve real and noticeable business results."

In 2016 the Russian-Chinese Financial Council will be held in Russia.