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Russian Direct Investment Fund, CITIC Agree to Create Joint Investment Bank

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The Russian Direct Investment Fund reported that the fund and CITIC Merchant, the merchant banking arm of the CITIC Group, a Chinese state-owned investment... 07.05.2015, Sputnik International

2015-05-07T21:38+0000

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Russian Direct Investment Fund, CITIC Agree to Create Joint Investment Bank

21:38 GMT 07.05.2015 (Updated: 22:00 GMT 07.05.2015)

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The Russian Direct Investment Fund reported that the fund and CITIC Merchant, the merchant banking arm of the CITIC Group, a Chinese state-owned investment company, have signed an agreement on the creation of a joint investment bank.

Chinese and Russian flags - Sputnik International

Russia, China Setting up $2 Bln Agriculture Projects Joint Investment Fund

7 May 2015, 21:26 GMT

MOSCOW (Sputnik) – The Russian Direct Investment Fund (RDIF) and CITIC Merchant, the merchant banking arm of the CITIC Group, a Chinese state-owned investment company, have signed an agreement on the creation of a joint investment bank, RDIF has informed RIA Novosti.

According to RDIF CEO Kirill Dmitriev, the deal, to be signed during the upcoming visit of Chinese President Xi Jinping to Russia, will help attract Chinese capital to Russia and will also make it easier for Russian companies to enter China's markets.