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RCIF, Suiyong Capital and Dazheng Investment Group announce initiation of the first regional China-Russia RMB Fund

Beijing, June 8, 2018 - The Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC)), Suiyong Capital and Dazheng Investment Group initiated the establishment of regional China-Russia RMB Fund. A corresponding agreement was signed today during the official visit of President of the Russian Federation Vladimir Putin to Beijing.

Initially the Fund holds 1.5 billion yuan (around $225 million) under management. The Fund's target capital, which will be raised by leading institutional investors from China, is 5 billion yuan. The Fund was established within the Years of Russian-Chinese of Interregional Cooperation (2018-2019) - supported by President of Russia Vladimir Putin and President of China Xi Jinping.

The agreement sets out that the Fund's investments will be directed to support projects in Russia and China in equal proportion. The parties have identified priority areas of cooperation, such as the extraction and processing of natural resources, financial services, industrial production, healthcare, and also to support Russia’s state strategy for technology development and investments.

Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, said:
"The Fund will engage in the implementation of strategically important investment projects, focused on the Central Federal District, the Far East of Russia and the north-eastern part of China. The Fund will actively promote the strengthening of economic ties at an interstate level, through the use of national currencies in all settlements."

Bing Hu, Co-CEO and President of RCIF, said:
"The regional China-Russia RMB Fund is a landmark example of the productive development of the Russian-Chinese regional cooperation. It is especially important that the fund is formed in RMB. We are pleased that the RCIF has become the base for this Fund and welcome new partners as the two countries continue to develop their regional cooperation."

Guohui Qu, Chairman and General Manager of Suiyong Capital, said:
"The strategic demands of China and Russia are highly compatible and the cooperation in various fields is constantly deepening. Suiyong’s participation in the Fund will promote the economic development of Heilongjiang Province and actively contribute to the development of Russia and the northeast China."

Lijun Wang, Chairman of Dazheng Investment Group, said:
"Heilongjiang Province is the frontier of China’s economic and trade cooperation with Russia, and the provincial government is connecting ‘Belt and Road’ together with ‘Chinese-Mongolian-Russian Economic Corridor’ strategies. Dazheng will seize the important opportunity of a new round of northeast China’s revitalization and contributed to the economic development of Russia through the participation in the China-Russia RMB Fund."

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Russia-China Investment Fund (RCIF) is a joint fund, established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

Suiyong Capital is a large mixed-ownership investment company funded by its major shareholders of Guangzhou Industrial Investment Fund and Shanshan Corporation. Suiyong Capital has paid-up registered capital of RMB 3 billion and is mainly engaged in the acquisition and disposal of non-performing assets, venture capital (VC) funds, private equity investment (PE) funds and financial industry investment, etc.

Dazheng Investment Group is a financial holding platform of the Heilongjiang Provincial Government with total assets of RMB 9.368 billion. The main investments made by the Company include Longjiang Bank, Jianghai Securities, private equity funds and other financial institutions as well as a group of high-tech enterprises represented by HIT Robot Group.

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Andrew Leach
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Jessy Zheng
Russia-China Investment Fund
Beijing, China
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
jie.zheng@rcif.com

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12
yury.trofimov@rcif.com