The Intergovernmental Russian-Chinese Commission on Investment Cooperation (CIC) was established in 2014 at the initiative of the heads of state. Its main task is to facilitate the implementation of investment projects in the non-energy sector, reduce administrative and trade barriers between the two countries. On the Russian side, the Commission is headed by Andrey Belousov, First Deputy Prime Minister of the Russian Federation, and on the Chinese side by Han Zheng, Deputy Prime Minister of the State Council of the People's Republic of China.

The main objectives of the CIC

  • Assistance to implementation of investment projects in the non-energy sphere;
  • Identifying and removing barriers in the implementation of joint investment projects;
  • International partnership and increasing interest from Chinese companies in participating in projects with the Russian Federation.

Organizational structure of the CIC

Russian Side Chinese Side
Chairpersons of national parts of the Commission
A.R. Belousov, First Deputy Prime Minister of Russia Han Zheng, Deputy Prime Minister of the State Council of China
Vice-Chairpersons of national parts
M.G. Reshetnikov, Minister of Economic Development of Russia He Lifeng, Chairman of the National Development and Reform Commission
Working secretariats of national parts of the Commission
Ministry of Economic Development of the Russian Federation National Development and Reform Commission
Chairmen of the national parts of the Business Advisory Committee
K.A. Dmitriev, General Director of the Russian Direct Investment Fund Peng Chun, President of China Investment Corporation
Member Organizations of the Commission
Ministry of Economic Development, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Trade, Ministry of Construction, Trade Mission in China, etc. National Development and Reform Commission, Ministry of Foreign Affairs, Ministry of Commerce, Ministry of Transport, Embassy of the People's Republic of China in Russia.
Mechanism of cooperation between development institutions between Russia and China
I.I. Shuvalov, Chairman of State Development Corporation "VEB.RF" Zhao Huan, Chairman of State Development Bank of China

IPC Projects

As of December 2019, the list of the Intergovernmental Russian-Chinese Commission for Investment Cooperation includes 70 significant projects and 20 promising projects.

The projects are presented from the following sectors

  • Infrastructure;
  • Mining industry;
  • Chemical industry;
  • Agriculture;
  • Mechanical engineering and others.

Criteria for selection of projects in the commission

  • Total amount of investments - not less than 15 million US dollars (except for the projects under special control of leaders of two countries and the most important projects of bilateral investment cooperation);
  • Compliance with Russian and Chinese legislation, as well as no contradiction with international treaties;
  • Availability of a preliminary feasibility study or technical documentation required to launch the project;
  • Influence on promoting socio-economic and sectoral development of the two countries;
  • Contributing to solving existing economic, social and environmental problems;
  • Compliance with environmental protection requirements.

Role of VEB.RF in CIC activities

  • Conducting expertise and preparing opinions on projects proposed for inclusion in the CIC list;
  • Monitoring the implementation of projects on the CIC list;
  • Preparing proposals for removing barriers to ongoing projects and assisting in promoting CIC projects;
  • Recommending removal of projects from the CIC list.

CIC Partners

economy.gov.ru – Russian Ministry of Economic Development

mid.ru – Russian Ministry of Foreign Affairs

minfin.ru – Russian Ministry of Finance

minstroyrf.ru – Ministry of Construction and Housing and Communal Services of Russia

minpromtorg.gov.ru – Ministry of Industry and Trade of Russia

russchinatrade.ru – Trade mission of Russia in China

rdif.ru – Russian Direct Investment Fund

en.ndrc.gov.cn – State Development and Reform Commission of PRC

cdb.com.cn – State Development Bank of China

china-inv.cn – China Investment Corporation

fmprc.gov.cn – Ministry of Foreign Affairs of China

russian.mofcom.gov.cn – Chinese Ministry of Commerce

mot.gov.cn – Ministry of Transport of China

ru.china-embassy.org – Embassy of China in Russia

Download an investment form (in Russian)

Электронный офис клиента в разработке

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