BUSINESS Trade center helps Chinese enterprises tap into Russian markets

BUSINESS

Trade center helps Chinese enterprises tap into Russian markets

China Plus

20:48, September 10, 2018

Parking lots and nearby buildings in Chengtong Greenwood International Trade Center.[Photo: Xinhua]

Parking lots and nearby buildings in Chengtong Greenwood International Trade Center. (Photo: Xinhua)

China's largest business investment project in Russia, Chengtong Greenwood International Trade Center, is being held up as a prime example to help Chinese enterprises tap into the Russian market.

Chinese-owned investment enterprise, Zhongchengtong International Company, acquired Russia Greenwood international Trade Center in 2010.

The Chengtong Greenwood International Trade Center was then established, a 20-hectare Park situated in the northwest of Moscow.

It is serving as a major platform for promoting business and investment in Russia.

Now, more than 300 enterprises from 14 countries have settled in the trade center.

170 of them are Chinese-funded enterprises, including Huawei, Sany Heavy Industries and Industrial and Commercial Bank of China.

Zhou Liqun, general manager of Zhongchengtong in Russia, says the center offers a one-stop service for enterprises ranging from registration, financial trust and legal consultation.

Various kinds of business promotion activities are also held in the park every year to boost trade.

"Russian federal agencies have come to us for promotions. On August 7, Russian ministry of Far East Development held investment promotional meetings on projects ranging from agriculture, tourism, forestry, transportation and construction. Before that, regions and cities in Russia including Ekaterinburg, Irkutsk, Krasnoyarsk, Chita, Kaluga had also organized promotional activities here," says Zhou Liqun.

Zhou Liqun adds that the company plans to further enhance its service quality.

"Last year, we inked an agreement with GazpromBank to build China-Russia Development Fund. We have already invested 5 billion dollars in it and will invest more in other projects. We also plan to offer more financial services for Chinese enterprises operating here."

Looking ahead, Zhou says Zhongchengtong International plans to tap into the banking and insurance sectors in Russia to enhance its role as a financing platform.

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