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Russia and China provide protection against sanctions
Russia and China are planning the creation of analog Euroclear

Russia and China in a year may receive its own analog of the international depository and clearing center Euroclear. This means that Moscow and Beijing will be able to buy stocks each other without the mediation of the western financial instruments. The new organization will not be controlled neither Brussels nor Washington, which is extremely important in geopolitical struggle.

The Russian central depository - NSD - discussing with Chinese counterparts the creation of analog Euroclear, hopes that within a year this work will be completed.

"The new organization will not be controlled by the United States and the Russian and Chinese investors will not fear the consequences of possible sanctions"

"Now there is serious progress in terms of creating a" bridge "between the central securities depositories, which will allow Russian investors to participate in the Chinese market and Chinese - in Russian. If this idea is implemented, it will provide an opportunity to create something like Euroclear, but only between Russia and China, "- said Deputy Finance Minister Alexei Moiseyev. Such a measure "does not remove the restrictions on the quota for foreign investors, which is on the Chinese market, but it solves the problems of the existing technology," added the official. Moses expects that all work will be completed in a year.

First Deputy Chairman of the Central Bank Sergey Shvetsov said that analogue Euroclear will be created before the end of the first quarter of 2016. According to him, by this time NSD with Chinese counterparts will launch the so-called "links" (mutual depository accounts) for issuers of bonds in yuan, transmit "Vedomosti". Because of this, Chinese investors will be able to store the paper taken into account in the NSD, without opening accounts with Russian depositories and Russian investors - in China.

Now Russian companies do not issue bonds in RMB, however, to discuss this point. Creation of Russian-Chinese counterpart Euroclear - is the creation of technical groundwork for Russian companies (issuers) have been able to issue bonds in RMB (such plans are being discussed).

NSD and Central Depository of China agreed to develop multilateral cooperation in June this year. The sides agreed to exchange experiences, information and develop cooperation in the field of depository and settlement operations, interoperability through correspondent accounts ("links"), corporate actions, as well as information services.

Euroclear - it was created in 1968 in Brussels depository system for the settlement of transactions in securities (bonds, stocks, fund units) in the domestic and international markets, which provides settlement services to large financial institutions in more than 80 countries.

The Depositary is required for registration, storage and settlement of securities. That is the money to buy securities depository infest. If an investor wants to buy securities on a stock exchange and then sell them to another or on the OTC market, the investor uses the services of a settlement depository in which many customers opened accounts, including CSDs exchanges.

For example, to purchase a portfolio of Russian stocks, you first need to transfer the money to a special brokerage account in the bank, where they fall into the account in the depository from which the shot for payment of shares and bonds.

"Creating analog Euroclear means that Russia and China may buy stocks each other without intermediaries, - says Mikhail Krylov of IR« Golden Hills-AM Kapital. " - Now the Chinese are relatively free to buy Russian securities, while the Russians have certain barriers to entry into the Chinese market stocks and bonds, which has recently required the influx of new investors. "Bridge" will eliminate the technical obstacles. However, some time will need to ensure that the Russians have realized the potential of long-term increase in the value of investments in risky securities of Chinese companies. "
Photography
Russian President Vladimir Putin arrived in Beijing to participate in the celebrations dedicated to the 70th anniversary of the Victory in World War II. Putin will stay in China for two days. During this time, he will meet with senior Chinese officials, as well as with the presidents of Venezuela, the Czech Republic and Laos. It is planned to sign a number of bilateral agreements between Russia and China

Russian President Vladimir Putin arrived in Beijing to participate in the celebrations dedicated to the 70th anniversary of the Victory in World War II. Putin will stay in China for two days. During this time, he will meet with senior Chinese officials, as well as with the presidents of Venezuela, the Czech Republic and Laos. It is planned to sign a number of bilateral agreements between Russia and China

"The urgent need for such an organization right now there, but to some extent this is future. To begin with, it may be set up an inter-bridge that will speed up the direct payments between the two countries ", - says head of department of operations on the Russian stock market IR" Freedom Finance "George Vashchenko.

One of the main advantages of the current geopolitical situation, of course, is that the new organization will not be controlled by the United States and the Russian and Chinese investors will not fear the consequences of possible new Western sanctions, experts say. More recent history with the international payment system Master Card and Visa, are in favor of the policies and their beneficiaries US unexpectedly blocked the work of plastic cards for a number of Russian customers. The consequence of this treatment with the Russians was to create its own national payment system. Therefore, the work of an analogue international depositary center Euroclear (whose arrival in Russia in 2012 were so happy financiers) - a warning step.

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