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The Moscow Exchange (MOEX), the largest exchange operator in Russia, announced today that it has signed a Memorandum of Understanding (MoU) with one of China’s largest investment banks, China International Capital Corporation (CICC).
The purpose of the MoU, which was signed this Thursday, is to strengthen the cooperation between Russia and China, specifically when promoting investment and the development of the offshore Chinese yuan market in Russia.
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Under the agreement, MOEX and CICC will collaborate to determine the best way to develop the market for ... (read more)