Rustam Minnikhanov meets with executives of China’s largest state corporations

On April 16, during his stay in China, Tatarstan President Rustam Minnikhanov met with executives of China’s leading state corporations.

The opportunities of attracting investments in Tatarstan economy were discussed at the meeting with President of Chinese Investment Corporation (CIC) Li Keping.

Li Keping told that being investment foundation with 100 per cent state capital, Chinese Investment Corporation invests in foreign securities and assets, with the total amount of investments exceeding 200 billion US dollars.

According to Li Keping, particular attention is paid to long term assets. In addition to European countries and the USA the corporation invests in the developing countries. Russia is one of the priority investment areas for the CIC. The corporation has already invested 5 billion roubles US dollars in the Russian economy, including 4 billion of direct investments.

Rustam Minnikhanov told Li Keping about major investment projects being implemented in the republic in the oil and gas sector, as well as serious plans to modernize energy facilities.

Rustam Minnikhanov addressed Li Keping with a request to assign a specialist to Tatarstan to get a closer look at investment opportunities of the republic.

“We are ready to present our business projects, which we could implement together, to you . I am sure that you could find many interesting projects in Tatarstan,” Rustam Minnikhanov said.

During his meeting with leadership of China Poly Group Corporation, which is one of the largest state corporations in the defense industry in Chinese People’s Republic, Rustam Minnikhanov noted that Poly Group is well known in Russia and Tatarstan. “We have many interesting projects and we are willing to cooperate with you,” Rustam Minnikhanov said addressing Poly Group’s management.

It was agreed to assign a working group to study further prospects of cooperation between the Poly Group and Tatarstan.

At the end of their working programme to Beijing, Tatarstan delegation met with member of the Chinese State Council Yang Jiechi. Rustam Minnikhanov told Yang Jiechi about the work of the delegation done during the visit. He specifically thanked the leadership of the Chinese People’s Republic for the attention paid to the Tatars in China and opportunities given to preserve their national traditions and culture.

Yang Jiechi expressed his confidence that the visit of the Tatarstan delegation will contribute to dynamic development of relations between China and Tatarstan and confirmed that the Chinese leadership is ready to support joint projects between China and Tatarstan.

Tomorrow, during the final day of his visit to China, Rustam Minnikhanov will head for Hong Kong.

Tatarstan Deputy Prime Minister – Minister of Industry and Trade Ravil Zaripov, Tatarstan Deputy Prime Minister – Minister of Agriculture and Food Marat Akhmetov, Tatarstan Prime Minister – Minister of Information and Communication Roman Shaikhutdinov, Chief Executive of Tatarstan Investment Development Agency Linar Yakupov, Aide to Tatarstan President on international issues Radik Gimatdinov, Chairman of Tatarstan State Council Committee for Economy, Investments and Entrepreneurship Marat Galeev, representative of Tatarstan Chamber of Trade and Commerce Shamil Ageev, Director General of OAO “Tatneft” Nail Maganov, Director General of OAO “KAMAZ” Sergey Kogogin and other officials took part in the meeting.