23 May 2016

    Yury Trutnev, Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District, during his 18–22 May visit met with the leaders of the governmental organizations and the top managements of large corporations of Hong Kong and Singapore, the official website of the Government of the Russian Federation reports.

    During the negotiations, the parties discussed possible joint investment projects in the Far East, and also the prospects of creating special financial instruments which would make it easier to attract Asian capital to those projects.

    In Hong Kong, Yury Trutnev met with Leung Chun-ying, the Chief Executive of Hong Kong, with John Tsang, the Financial Secretary of Hong Kong, with Gregory So, the Secretary for Commerce and Economic Development, and also with the top managements of Sunwah Group and MTR Corporation.

    The agenda included, among others, the topic of Hong Kong Stock Exchange’s participation in creating the Voskhod investment plan which would allow to channel international capital into Far Eastern projects implemented in the advanced special economic zones and the Free Port of Vladivostok.

    The Far Eastern projects themselves were presented to the top managements of Hong Kong’s large companies operating in construction, infrastructure, the diamond and jewelry business, and also to financial investors and banks’ top managements. The Russian delegation also participated in the round tables organized with the support of Garprombank and Alrosa Company.

    During this visit to Singapore, Yury Trutnev met with the Deputy Prime Minister Tharman Shanmugaratnam, and also with the top managements of Singapore’s largest companies: PSA Ports (manages the port of Singapore, the world’s largest transit hub), SuTech (plans to build a sugar-producing plan in Khabarovsk Region), Inventis Investment Holdings (China’s largest direct investment foreign fund). The principal topics under discussion included increasing mutual cooperation volume and integrating Singapore in the Far Eastern investment projects.

    “We have identified promising cooperation lines. Our partners in Asia are looking for new markets, they are interested in developing such cooperation, and our proposals with received with interest,” Yury Trutnev summarized the results of the meetings. Special working groups were formed for further cooperation between countries, including representatives of the Ministry for Development of the Russian Far East, of the Far East Development Foundation, and of other organizations.