Home > Partnerships


Intergovernmental Russian-Chinese Commission for Investment Cooperation

The Commission was established in 2014 chaired by A.G. Siluanov, First Deputy Chairman of the Government of the Russian Federation, and Han Zheng, Vice Premier of the People’s Republic of China.

As part of the Commission, the Consultative Committee of Entrepreneurs (“the Committee”) was formed with involvement of representatives from major Russian and Chinese companies.

The Committee is an important tool for active support and promotion of bilateral investment projects. The Committee is managed jointly by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC).

Silk Road Fund

Silk Road Fund (SRF) was established in 2014 with the total capital of USD 40 billion and RMB 100 billion from the State Administration of Foreign Exchange, China Investment Corporation, China Development Bank and Export-Import Bank of China.

SRF provides investment and financing support for trade and economic cooperation under the framework of the Belt and Road initiative.

RCIF, RDIF and SRF are considering a number of joint investment projects in Russia, including in the areas of infrastructure, petrochemicals and logistics.


Asian Infrastructure Investment Bank (AIIB) was established in 2016 and have now grown to 93 approved members worldwide, including China and Russia.

AIIB focuses on investments in sustainable infrastructure and other productive sectors in Asia and beyond to facilitate cooperation between different countries.

RCIF, RDIF and AIIB cooperate in respect of potential joint investments in Russian infrastructure projects.

Regional China-Russia RMB Fund

RCIF and China Investment Corporation (CIC), Suiyong Capital and Dazheng Investment Group will establish a regional China-Russia RMB fund. The Fund's target capital is 5 billion yuan. Investors have already committed 1.5 billion yuan (about $ 225 million) to the Fund's management during the first stage of its establishment, which will be used in equal proportions to support projects in Russia and China. The Fund will prioritize cooperation on projects within natural resources extraction and processing sectors, financial services, industrial production and healthcare, as well as the development of the Russian technology sector.

China Development Bank

China Development Bank (CDB) is the world’s largest development finance institution, and the largest Chinese bank for financing cooperation, long-term lending and bond issuance.

RDIF and CDB have envisaged the constitution of the China-Russia RMB Investment Cooperation Fund. The Memorandum of Understanding was signed in 2017 by the executives of the RDIF and CDB during the Russia-China negotiations in Moscow. It was attended by Vladimir Putin, the leader of the Russian Federation, and Xi Jinping, the leader of the People’s Republic of China.

China-Russia RMB Investment Cooperation Fund is expected to facilitate the establishment of a simplified framework for direct investments with settlements in national currencies. The investments will be total RMB 68bn ($10bn equivalent). The investment activities will focus on Russian and Chinese projects, including One Belt-One Road and Eurasian Economic Union initiatives. RDIF will implement the project via the RCIF, while CDB will implement the project via its wholly owned subsidiary China Development Bank Capital (CDBC).