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According to British media reports, China plans to restart the issuance of
bonds by major Russian energy companies within its borders. The picture shows a
worker inspecting the "Siberian Power" natural gas pipeline. According to British media reports, China plans to restart the issuance of
bonds by major Russian energy companies within its borders, highlighting the
increasingly close economic and diplomatic relations between China and
Russia.
The Financial Times quoted two informed sources as reporting that Chinese
regulatory authorities said at a meeting with Russian energy executives in
Guangzhou at the end of August that they would support Russian energy companies
in issuing panda bonds denominated in Chinese yuan.
If it does, it will be the first time for Russian enterprises to raise funds
in Chinese Mainland since the outbreak of the Russia Ukraine war in 2022, and it
will also be the first time for Russian bonds to return to the Chinese public
market after Rusal issued 1.5 billion yuan (S $270 million) of panda bonds in
2017.
Both sides should lead cooperation with major projects and promote deep level
integration of interests.
Gazprom subsequently signed an agreement with Chinese state-owned enterprise
PetroChina to increase the annual gas supply scale of the "Power of Siberia"
pipeline to China from 3.8 million cubic meters to 4.4 million cubic meters, and
to increase the annual transportation capacity of the "Far East" pipeline from
10 billion cubic meters to 12 billion cubic meters. Both sides also signed a
memorandum of understanding for the construction of the "Siberian Force-2"
pipeline. |
