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Belarusbank discovers new prospects for cooperation with China (press release)

12.12.2012

"Belarusbank: a reliable partner in development of Belarusian-Chinese cooperation", a conference dedicated to the 90-th anniversary of the bank and the 5th anniversary of the bank's Representative Office in Beijing took place on November 27, 2012 in Beijing.

The conference was attended by over 50 representatives of major Chinese banks and investment companies, Sinosure national insurance corporation and industrial corporations implementing investment projects in Belarus. Among Belarusian participants were the representatives of the Ministry of Finance, the National Bank, Belarusian Railway, Belarusian Cement Plant OJSC, Belarusian Potash Company СJSC, etc.

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Statement by Mr. Hailong Xue, CEO, XY Group.

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Statement by Ms. Wen Hong, the Export-Import Bank of China.

The main report and debate revolved around the Belarusian-Chinese cooperation and the ways of its improvement and development.

During the presentations Belarusbank was noted to be the leader in inter-cooperation between Belarus and China, a reliable partner of Chinese companies in the implementation of investment projects dealing with the modernization of Belarusian companies. Belarusbank became well-established in the Chinese business community. Especially noteworthy are the activities of the Representative Office in Beijing as an important communications and information bridge between the business communities of the two countries.

During the conference awards were presented to the representatives of the China Eximbank for the financing of the investment project of Belarusian Railway for the purchase of 12 electric locomotives in partnership with China National Electric Import & Export Corp (CUEC).

Letters of gratitude from the Chairman of the Board of Belarusbank were given to China CITIC Bank, Sinosure China insurance corporation and XY Group for the successful implementation in 2009 of the investment project on organization of production of particle boards at FanDOK JSC.

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Awarding China CITIC Bank, Sinosure, XY Group. From left to right: Wang Hui, Assistant Director General Sinosure; Song Wei, Project Manager at China CITIC Bank; Alexender Churilo, Head of the Representative Office of Belarusbank in Beijing; Hailong Xue, CEO of XY Group.

A series of meetings and negotiations were held which gives reason to believe that Belarusbank's conference in Beijing is another successful step in building a fruitful dialogue between the business and financial communities of Belarus and China. The level of bilateral economic cooperation and the bank's experience in working with the Chinese partners would form a solid platform to reach new ambitious results.

Press-service of Belarusbank

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