Results and Perspective of Chinese banks' activities in Russia for the years of the 13th Five-Year Plan

During the 13th Five Year Plan (2016-2020) the constant strengthening and development of Russian-Chinese relations in various fields, including trade and economic, the issue of interaction in the banking sector is relevant. With an increase in bilateral trade (exceeding 100 billion dollars in 2019) a significant share of China in Russia's trade (16.1 %) involves banks that have a wide range of financial products. Currently, the bank is completing tasks aimed at achieving the goals set out in the current Five-Year Plan namely building a "xiaokang" (small prosperity) society in China by 2020 and a "fuyu" (common prosperity) society by 2030, acting as an instrument of broaden China's influence on an international financial arena. Chinese banks support bilateral trade operations, providing banking services primarily for Chinese companies doing business in Russia; lending infrastructure, industrial projects; internationalization by expanding ties with foreing banks in Russia, obtaining knowledge about local banking system and peculiarities of doing business in local market. Chinese banks keep their authorized capital and increasing assets, expand a range of services and number of clients, continue to participate in large investment projects. A significant amount of agreements with Russian financial institutions had established a good basement for Chinese banks' participating in large syndicated loans and other projects. As for a further expansion of banks' activities, the most prospective is increasing amount of settlements in national currencies and enhancing cooperation with Russian regional banks. Also there is a potential of investment ban! king services, including bonds issuing, IPO recommendations, stock and securities operations, brokerage. The article describes a main aspect of Chinese banks' activities (Big Four) in Russia during 2015-2019, achieved results, as well as analyzing further prospects of bilateral interbanking cooperation.