Moscow Economy Conference Shanghai 2017 - Post Release
On October 30 2017 the Moscow Government Economy Conference took place in Shanghai, and represented another major historical step in the development of Russian-Chinese business relations.
Guests of the event were greeted by the conference organisers: Moscow Government Minister Sergey Cheryomin, and Tatiana Sheremetieva, CEO of the Russian Asian Business Union, and the speaker line-up included Aleksandr Zainigabdinov, Partner and Director of the Beijing office of the China Window consulting group, and Kenny Ng, Investment Director at Inventis Investment Holdings.
Sergey Cheryomin's presentation was entitled Moscow – city of investment opportunities, and showcased the positive dynamics of the Russian capital's main development metrics, along with the sheer volume of foreign direct investment into the city. The assembled guests were shown some of Moscow's most significant projects, both in terms of overall development and improvements to quality of life for the city's inhabitants, especially in the areas of transport, green spaces and pedestrian zones, lighting, brownfield redevelopment, technoparks and business clusters.
Mr Cheryomin devoted particular attention to the city's transport infrastructure, and also spoke of the objective to leverage the FIFA World Cup in 2018 to turn Moscow into an international sporting capital.
On the matter of legislative initiatives to attract international investment, Sergey Cheryomin said this: «We have in place serious measures to protect foreign investors, in particular laws to protect companies from non-commercial risks, that also guarantee compensation from city funds for any business risks associated with the actions of public officials, attempts to nationalize or sequester private property, or any other factors. One of Moscow's latest initiatives is the introduction of new contracts for companies participating in the Moscow procurement programme: if for example a company plans to localize production in the city, we offer them the opportunity to sign a supplier contract with the Moscow Government for a minimum of 10 years.»
Among other topics touched on by the Minister in his presentation were a new CCTV system, e-government solutions and apps for Moscow's inhabitants (in particular the «Active Citizen» app), as well as development of the hotel and hospitality sector, so vitally important to service the vast numbers of events held in Moscow.
Aleksandr Zainigabdinov, Partner and Director of the Beijing office of the China Window consulting group, gave a speech with the title «Why does China invest in Russian and Moscow?», and demonstrated his amazing command of both Russian and Chinese. Mr Zainigbadinov observed in his speech that «return on investment in China is fairly high. If someone wants to make money out of thin air, it's unlikely they will look to invest abroad. But what is of interest to the Chinese investor are the commodity markets, raw materials, technology and brands.»
Kenny Ng, Investment Director at Inventis Holdings, one of China's largest investment funds, said that he had recently visited Russia and been stunned by the positive transformation of the capital. Mr Ng began his presentation with an overview of Chinese investments, also explaining that the One Belt, One Road project means new infrastructure and new areas for development, and offers a solution to China's struggle with a slowdown in economic growth.
Tatiana Sheremetieva, CEO of the Russian Asian Business Union and conference organiser, speaker and moderator, said in conclusion: «Russia and China are not just close neighbours, but have worked together since as far back as the 13th century. Over the ages there have been ups and downs in relations between the two countries, but China's One Belt, One Road project could lead to an ever closer partnership and to mutually beneficial cooperation for both nations.»
- Alexander Zainigabdinov, Partner and Director of the Beijing office, China Window - Why does China invest in Russian and Moscow?
- Kenny Ng, Investment Director, Inventis Investment Holdings - Opportunities for Private Equity along Belt and Road
- Tatiana Sheremetieva, CEO, Russian Asian Business Union - Trade and Investment Cooperation between China and Russia