The Russo-Chinese Business Council is determined to draw more actively on the opportunities of Xianggang

Saturday, April 4, 2020

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The Russo-Chinese Business Council, which was formed one year ago, is determined to draw more actively on the opportunities of Xianggang (Hong Kong). This Council is expected to sign in Moscow already next month an agreement on partnership with the Russia-Hong Kong Association of Business Cooperation, Alexei Kalashnik, the Council’s executive secretary, told Itar-Tass. He is also vice-president of the Russia-Hong Kong Association. “We are proceeding from the premise that progress of Russian business into mainland China would be even more successful if were to draw also on the opportunities offered in Hong Kong,” Kalashnik stated, having in view mainland China with its production and industrial potential and, on the other hand, Hong Kong with its financial instruments and infrastructure. “Only intelligent utilisation of all these opportunities will allow our businessmen to work more effectively in this region,” he is convinced. Noting the concrete advantages of such interaction, Kalashnik adduced as an example the fact that one member of Business Council, namely, the Severstal Company, was eager to promote its business in China and to buy assets, drawing on the available opportunities in Hong Kong. Firms, registered in Hong Kong, should be attracted to this in order to optimise all these processes,” he added. Evaluating the potential of bilateral commercial and economic cooperation, Kalashnik noted that the Russo-Chinese Business Council’s actual task was to boost the Russo-Chinese trade turnover to 60-80 billion U.S. dollars by 2010 as compared to its present-day 37 per cent growth. “We have sufficient reserves and we are now working within their limits,” the Council’s executive secretary summed up.

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