ID :
175851
Sun, 04/17/2011 - 07:57
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Shortlink :
http://m.oananews.org//node/175851
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Medvedev to visit Hong Kongn on Sunday
HONGKONG (Itar-Tass) - Russian President Dmitry
Medvedev will visit the Hong Kong special administrative region of China
on Sunday. He will meet Donald Tsang, the chief executive of the 7-million
Hong Kong, on Sunday. Medvedev and Tsang know each other very well. They'
ve met many times on the sidelines of various summits. Besides, Tsang has
visited Moscow twice.
After his meeting with Donald Tsang, President Medvedev will visit the
Hong Kong stock exchange, which is one of the six biggest playgrounds in
the world in terms of capitalization and is the third largest stock
exchange in Asia. As for late February 2011, 1,421 companies trade their
securities here with a total market value of 2.7 trillion dollars. The
average volume of trading is worth about 9.5 billion dollars a day.
"Naturally, the financial sphere is also a priority area of
cooperation with Hong Kong priority sphere of cooperation," Russian
presidential aide Sergei Prikhodko said.
In 2010, the Russian aluminium giant RUSAL successfully placed its
shares at the stock exchange. Other Russian companies are also holding
negotiations on how to enter the market.
"Besides, the strengthening of financial cooperation is useful for
Russia also in the light of plans to set up an international financial
centre in Moscow,> Prikhodko went on to say.
"Special attention will be paid to investment cooperation with Hong
Kong. At present the volume of accumulated investments of the Special
Administrative District of SIANGAN accounts for 215 million U.S. dollars,"
the presidential aide said.
Prikhodko added that during his stay in Hong Kong Medvedev will
consider possible forms of application of the experience of Hong Kong
companies in protecting patent rights and prompt introduction of
scientific achievements in production," Prikhodko went on to say.
The sides will also decide how to increase reciprocal trade ties.
"In 2010, trade turnover between Russia and Hong Kong was marked by
stable growth and accounted, according to Russian statistics, for almost
900 million U.S. dollars," Prikhodko emphasized. (According to Hong Kong
statistics, which takes account of goods traffic via third countries, it's
equivalent to almost 2.5 billion dollars).
Medvedev will visit the Hong Kong special administrative region of China
on Sunday. He will meet Donald Tsang, the chief executive of the 7-million
Hong Kong, on Sunday. Medvedev and Tsang know each other very well. They'
ve met many times on the sidelines of various summits. Besides, Tsang has
visited Moscow twice.
After his meeting with Donald Tsang, President Medvedev will visit the
Hong Kong stock exchange, which is one of the six biggest playgrounds in
the world in terms of capitalization and is the third largest stock
exchange in Asia. As for late February 2011, 1,421 companies trade their
securities here with a total market value of 2.7 trillion dollars. The
average volume of trading is worth about 9.5 billion dollars a day.
"Naturally, the financial sphere is also a priority area of
cooperation with Hong Kong priority sphere of cooperation," Russian
presidential aide Sergei Prikhodko said.
In 2010, the Russian aluminium giant RUSAL successfully placed its
shares at the stock exchange. Other Russian companies are also holding
negotiations on how to enter the market.
"Besides, the strengthening of financial cooperation is useful for
Russia also in the light of plans to set up an international financial
centre in Moscow,> Prikhodko went on to say.
"Special attention will be paid to investment cooperation with Hong
Kong. At present the volume of accumulated investments of the Special
Administrative District of SIANGAN accounts for 215 million U.S. dollars,"
the presidential aide said.
Prikhodko added that during his stay in Hong Kong Medvedev will
consider possible forms of application of the experience of Hong Kong
companies in protecting patent rights and prompt introduction of
scientific achievements in production," Prikhodko went on to say.
The sides will also decide how to increase reciprocal trade ties.
"In 2010, trade turnover between Russia and Hong Kong was marked by
stable growth and accounted, according to Russian statistics, for almost
900 million U.S. dollars," Prikhodko emphasized. (According to Hong Kong
statistics, which takes account of goods traffic via third countries, it's
equivalent to almost 2.5 billion dollars).
