RE: This is the song I want to be singing this morning ...3 Feb 2021 08:01
The Russian Direct Investment Fund (RDIF) and CITIC Merchant, the merchant banking arm of leading Chinese financial group CITIC, have agreed to set up a Russia-China Investment Bank. The signing ceremony was held as part of the visit to Russia of the Chinese President Xi Jinping.
The institution will provide a wide range of investment banking services to strengthen economic cooperation between Russia and China, focusing on attracting Chinese capital into Russian companies, including:
mergers and acquisitions advisory, with predominant focus on offering Chinese strategic and financial investors equity in Russian companies;
debt finance, including debt financing from Chinese banks and placing Russian corporate bonds on Asian capital markets;
capital markets services, including listings, primary and secondary placements on Asian capital markets.