Business news

Belarus receives opportunity to place bonds on China’s financial market

MINSK, 11 June (BelTA) – Belarus’ Finance Ministry and China Chengxin International Credit Rating Co. Ltd. (CCXI) signed an agreement to assign a credit rating to Belarus on 11 June, BelTA learned from the Belarusian diplomatic mission in China.

The document was signed during a meeting between Belarus’ Finance Minister Vladimir Amarin and CCXI Chairman Yan Yan. In line with the agreement, CCXI shall conduct the assessment of Belarus, assign and maintain the credit rating according to the Chinese national rating scale. With the signing of the document, Belarus will able to float its bonds on the financial market of China.

The parties discussed the promising areas of cooperation, and the possibility of assigning credit ratings to Belarusian residents.

Vladimir Amarin also held talks with Deputy Chairman of the People's Bank of China Pan Gongsheng. During the meeting the parties agreed on the joint action algorithm to float Belarus’ state securities in the Chinese market. The Belarusian side was granted a corresponding permission from the People's Bank.

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