Belarus suggests that China should buy a Belarusian bank, said Prime Minister of Belarus Mr Mikhail Myasnikovich as he met with Mr Jiang Yaoping, Deputy Commerce Minister of China.
(record)
We could provide assistance with registering a Chinese bank in Belarus or could sell a Belarusian bank or a package of shares in one to Chinese commercial banks. The money could actively work in Belarus, particularly in the Chinese-Belarusian Industrial Park.
Belarus and China are approaching a new level of cooperation – investment cooperation. Therefore, Belarus is interested in more active arrival of Chinese banks on the Belarusian market. Capital diversification is as important as trade diversification.
At present Belarus-China cooperation relies on a big package of investment projects, with the total volume of loans available to them at $16 billion. China makes direct investments in Belarus, too. The Prime Minister also evaluated regional cooperation with provinces and cities of China.
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