Belarus would like to see Chinese capital in its banking sector
2011-06-30 12:59:57
Belarus is interested in attracting the Chinese capital into its banking sector, Deputy Prime Minister of Belarus Anatoly Tozik said as he met at a meeting with China's Deputy Minister of Commerce Chen Jian.
“We encourage our Chinese friends to take part in privatization of large industrial enterprises in Belarus. We would welcome the arrival of Chinese capital into Belarus' banking sector,” Anatoly Tozik said.
According to him, European and Russian banks actively operate in this sector. “The Belarusian side would like to see the Chinese capital in this sector," said the Deputy Prime Minister.
Anatoly Tozik believes that the countries should make greater efforts to implement the swap agreement signed two years ago, when Belarus and China exchanged the national currencies equivalent to $3 billion. “Unfortunately, the agreement is practically not working. I think we should make efforts together to engage this resource more actively in the interests of both countries,” said Anatoly Tozik.
In due time, Belarus decided to include assets in yuans in its foreign exchange reserves.