The Financial Cooperation Subcommittee of Sino-Russian Prime Minister's Regular Meeting Committee Discussed the Promotion of Bilateral Local Currency Settlement and Other Issues.

 

Beijing, August 30, Russian Satellite News Agency (RSNA) - The 20th meeting of Financial Cooperation Subcommittee of Sino-Russian Prime Minister's Regular Meeting Committee was held in Kaliningrad, Russia, from August 28 to 29. The meeting further discussed such issues as promoting bilateral local currency settlement and deepening inter-bank cooperation.

 

According to the official website of the People's Bank of China, the meeting was co-hosted by Chen Yulu, President of the Sino-side of the sub-committee and Vice-President of the People's Bank of China, and Skoberkin, President of the Russian-side of the sub-committee and Vice-President of the Central Bank of the Russian Federation.

 

The meeting further discussed the promotion of bilateral local currency settlement, deepening inter-bank cooperation, and explored the cooperation of payment systems, financial markets and insurance, etc.

 

It is reported that both sides agreed to hold the 21st meeting in China in 2020.