Prospects of Russian-Sino Financial Cooperation in the Banking Sector

Abstract

The development of business cooperation between Russia and China in the financial sector is a multifactorial process, in which the banking sector plays an essential role. The article in hand describes the current state of Sino–Russian cooperation in the banking sector, points out the main issues and puts forward some suggestions for improving the working partnership between the two countries in this area with the aim of facilitating mutual trade, attracting investment, and developing the entire range of financial services.

Keywords

• sino–russian cooperation
• finance
• banking sector
• cross–border cooperation
• attracting investment
• economic development