China Russia: Futures Market and Cooperation Fields

china russia: A risky situation persists due to current geopolitical problems, and the MOU could benefit both countries and hedge economic risks to some extent, Li said, according to Global Times China. China's commodity markets and industries are becoming more and more internationalized in recent years, which, in turn, require a correspondingly sound and internationalized capital market, including the futures market, Li noted. Experts noted that in line with China's financial sector opening-up policy, the MOU could enhance bilateral communication and expand cooperation fields under the framework of the China-proposed Belt and Road Initiative BRI . As major countries in the BRI, China and Russia possess relatively high levels of complementarity in different industries, including energy sources, agriculture and others, Li Qiang, director of the research center under Xinhu Futures, told the Global Times on Sunday. Promoting and deepening cross-border transactions is a way to cope with the growing risk management needs of enterprises, since an increasing number of Chinese companies are starting to expand overseas and China is promoting a comprehensive opening-up to attract more foreign investment, the report said, citing industry insiders. The ZCE has been striving to provide more items for overseas trading, and the number of foreign investors has reached 115 so far, with the average daily trading volume of foreign traders accounting for about 8 percent of the total, Wang Yamei, deputy general manager of the ZCE, told the 2019 China International Futures Forum, which is being held in Zhengzhou, capital of Central China's Henan Province, on Sunday and Monday. Li noted that a sound and advanced system is a critical element for commodity exchanges, which require years of efforts to become a world-class one. (news.financializer.com). As reported in the news.