Big Russian companies heading for Shanghai to discuss investment in Russia

Major Russian companies such as Gazprombank, the country’s third-largest lender, and development bank VEB are getting together at a forum in Shanghai on November 6 organised by Moscow Exchange and Shanghai Stock Exchange (SSE) to discuss investment opportunities in Russia.

Other Russian firms to be represented at the Russian Capital Markets Forum are gas giant Gazprom, aluminium producer Rusal, oil company Lukoil and electricity grid operator Rosseti, according to a statement from New York-based financial and corporate communications company Frontier.

Subjects to be raised at the event include the Russian capital market infrastructure and proposals for building bridges between the Chinese and Russian financial markets.

Former Russian finance minister Alexei Kudrin and Russian central bank first deputy governor Sergei Shvetsov will take part in a panel discussion after opening remarks by the chief executives of the Shanghai and Moscow bourses, Huang Hongyuan and Alexander Afanasiev.

“Moscow Exchange is an open, transparent and accessible exchange, and we welcome Chinese financial market participants to participate on all of our trading markets – stocks, bonds, FX, futures and options, money market and commodities,” the statement quoted Afanasiev as saying.

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