Russia wants more investors in Hong Kong and China to look at investing in Russian corporate bonds, Deputy Prime Minister Arkady Dvorkovich said.
PHOTO: REUTERS
JAN 19, 20169:51 AM
[HONG KONG] Russia wants more investors in Hong Kong and China to look at investing in Russian corporate bonds, Deputy Prime Minister Arkady Dvorkovich said. "Fixed income is a really interesting story for us," he said late on Monday as part of a panel discussing economic ties between Russia and Asia Pacific.
Asked if Russian would encourage companies to tap Hong Kong's equity markets after the city last week made it easier for firms incorporated in Russia to list, Mr Dvorkovich said:"Equities is probably even not the biggest story, fixed income is even more important."
Russia will be watching to see if there will be moves to connect Hong Kong and China's bond markets, now that a link has been established between Hong Kong and Shanghai's equity markets, Mr Dvorkovich added.
Russian companies United Company RUSAL Plc, the world's top aluminium producer, and iron ore miner IRC Ltd have listed in Hong Kong, but RUSAL was incorporated in Jersey and IRC in Hong Kong.
REUTERS
http://www.businesstimes.com.sg/government-economy/russia-keen-to-see-hong-kong-china-investment-in-russian-corporate-bonds
