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Hong Kong Offered the Entire Range of Stock-Exchange Services to Russia

“Today we have the entire range of stock-exchange instruments including the assets management market, IPO’s market, M&A’s market. All these instruments exist in the competitive sphere and they are available to Russia. In 2010 there’s happened the epoch event, which was the first IPO of the Russian company at the Hong Kong Exchanges and Clearing Limited. I believe, it will not be the only one, and the other Russian companies will follow the example and take advantage of our financial instruments”, - stated Director General of the Hong Kong Economic and Trade Office in London of the Government of the Hong Kong Special Administrative Region Sarah Wu during the meeting in Moscow.

The meeting “The perspectives of the trade and economic cooperation between Russia and Hong Kong” was held on March 4, 2010 in Moscow. Director General of the Hong Kong Economic and Trade Office in London of the Government of the Hong Kong Special Administrative Region Sarah Wu, Regional Director of the Hong Kong Trade Development Council Lore Buscher, Chairman of the Russia-Hong Kong Business Association Ivan Polyakov, CEO’s of the Russian and Hong Kong companies participated in the meeting.

The main topics of discussion included the perspectives of the increase in turnover between Russia and Hong Kong, the opportunities for cooperation between Russian and Hong Kong high-tech companies, the IPO mechanisms at the Hong Kong Exchanges and Clearing Limited.

“In 2010 we are concerned with contributing to the turnover increase, development of the industrial cooperation between the high-tech companies of Russia, Hong Kong and Mainland China and the active usage of the instruments provided by the Hong Kong financial institutions as the most perspective areas of our activities”, - highlighted Chairman of the Russia-Hong Kong Business Association Ivan Polyakov.

The meeting was organized by Russia-Hong Kong Business Association, Hong Kong Trade Development Council, Government of the Hong Kong Special Administrative Region, Invest Hong Kong, Russian-Chinese Business Council.

In 2009 the turnover between Russia and Hong Kong amounted to 1 bln. USD; the tourist flow was 32 thousands of people. In 2010 UC Rusal held IPO at the Hong Kong Exchanges and Clearing Limited.