New agreement sees China fund sold to Russian investors
The largest securities broker on the Moscow exchange, BCS Global Markets, has signed a partnership agreement with Caderus Capital, the Russian-Chinese investment group, in order to further develop cross-border investments between China and Russia.
Both companies have agreed to combine efforts to promote the Caderus China Fund, the first Chinese equities investment fund in Russia, among Russian investors. The fund will be exclusively managed by the Hong Kong subsidiary of China Asset Management.
The firm writes that alongside this initiative, Caderus Capital will use its experience and network of Chinese investors to attract private and institutional money to the Russian market via BCS’s investment platform. The partnership agreement also includes cooperation in other areas, including arranging listing on the Moscow Exchange for Chinese mainland companies.
Denis Zabolotnev, Deputy Chief Business Officer of the Russian region, CEO BCS Global Markets, says: “Our collaboration with Caderus Capital, who are experienced China experts in Russia, is the result of our concerted efforts to build a two-way highway for cross-border portfolio investment between Russia and China, and is part of the long-term development strategy of our financial services and investment business. We look forward to welcoming Chinese investors and corporates into Russia and will be introducing the Caderus China fund to our eligible clients.”
Andrei Akopian, Managing Partner of Caderus Capital, says: “We are delighted to initiate a relationship with one of the leaders in the Russian financial market and to contribute to the further development of Russian-Chinese investment activity. As a result of our cooperation, an investment bridge has been created for portfolio investments between Russia and China, which can be used by investors in both countries to broaden their investment horizon and acquire direct access to investment products in new, interesting, and dynamic markets that have a lot of growth potential.