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"Trade + Industry + Finance" - The Russian Building Promotes a New Paradigm for China-Russia Cooperation!
The successful hosting of the 2025 Shanghai Cooperation Organization Tianjin Summit has injected strong impetus into the all-round cooperation between China and Russia. During the summit, not only did both sides sign a number of bilateral agreements covering energy, infrastructure, and technological innovation, but they also established digital economy, green development, and industrial chain and supply chain collaboration as the key directions for regional cooperation in the next decade through the "Tianjin Declaration of the Council of Heads of State of the Shanghai Cooperation Organization". The Russian Building located in the Wuqing Development Zone is a concrete manifestation of this strategic synergy. This project goes beyond the traditional functions of a trade hub, constructing a "trade + industry + finance" three-in-one development model. It not only provides a market access platform for Russian enterprises, facilitating China-Russia industrial cooperation, but also provides specialized financial services to solve the bottleneck of cross-border settlement. This deep integration not only adds a rich and significant touch to China-Russia economic and trade cooperation, but also injects strong momentum into Wuqing's efforts to build a new open-up highland.
Building the foundation for trade
Creating a leading platform for large-scale product transactions between China and Russia
The Russian Building is a service platform jointly invested and constructed by Houhua Group for large-scale product trading and major project operation between China and Russia. It covers an area of 5,500 square meters and consists of 5 floors. It features a Russian Health Center, an exhibition center showcasing products from outstanding Russian enterprises, a comprehensive trading zone, and has incorporated projects such as the largest domestic electric vehicle settlement center, the China-Russia financial settlement platform, and the China-Russia electric vehicle and bicycle industry service platform. The Russian Building not only provides professional services such as bulk trade and project operation for enterprises from both China and Russia, but also promotes exchanges in various fields including culture, education, and economy through organizing high-level forums and business activities. Here, various energy and raw materials can be efficiently matched.
Industrial collaboration
Build a concrete hub for China-Russia cooperation
As the leading member of the Science and Technology Innovation Council of the China-Russia "Belt and Road" Research Association, Huohua Group has closely collaborated with various important Russian institutions such as the Russian government and the Russian Chamber of Commerce. It has continuously facilitated precise business matching and mutual trust cooperation between Chinese and Russian enterprises. Since its establishment, it has hosted multiple Russian business delegations and Chinese-Russian biological delegations, building a bridge for cooperation and communication between the two sides' enterprises and achieving fruitful results. This year, the Russian Food Industry Consortium Co., Ltd. has moved into the Russian Building, relying on the regional high-quality platform, and will fully promote the rapid entry of high-quality and healthy Russian foods and innovative functional foods into the Chinese market. In addition, the Russian Building has also reached cooperation with two Russian academicians and jointly established Huohua (Tianjin) Biotechnology Co., Ltd., which is not only a deep integration of both sides in scientific research innovation and industrial development, but also sets a new model for cooperation between China and Russia in the field of biotechnology.
Financial empowerment
Build a complete cross-border financial ecosystem
The Russian Building, relying on the China-Russia International Financial Center, focuses on promoting the facilitation of China-Russia economic and investment cooperation, enhancing the resilience of financial cooperation, promoting regional economic integration, and serving the real economy and innovation. It aims to create an autonomous and efficient cross-border financial ecosystem, providing comprehensive and full-cycle financial support to enterprises of both countries. To enhance the cross-border financial service capabilities, the Russian Building has jointly established a cross-border financial service center with banks, and has particularly launched the "T+3" ruble rapid settlement service. This service, through optimizing processes and system integration, enables efficient settlement of enterprises' funds, significantly shortening the original collection cycle and significantly reducing exchange rate costs and exchange rate fluctuation risks. At the same time, the center also provides one-stop comprehensive financial solutions such as cross-border settlement, foreign exchange hedging, and trade financing, effectively helping enterprises improve their capital turnover efficiency and enhance their competitiveness and risk response capabilities in the international market.
Under the long-term stable strategic cooperation relationship between China and Russia, Russian enterprises have continuously deepened cooperation in key fields such as energy, technology, and finance. A group of high-level cooperation platforms represented by the Russian Building have effectively promoted the deep integration of the industrial chains, supply chains, and innovation chains of the two countries, not only promoting the implementation of a number of major projects, but also becoming the physical hub of China-Russia economic cooperation. This year marks the 76th anniversary of the establishment of diplomatic relations between China and Russia, and the cooperation between the two countries has ushered in new historical opportunities. As a national-level economic and technological development zone, a national-level high-tech industrial park, and the core area of Tianjin's national independent innovation demonstration zone, Wuqing District will deeply integrate into the "Belt and Road" initiative, further promote high-level opening up to the outside world, facilitate cooperation between Russian enterprises in more fields, and promote the formation of a cluster ecosystem of coordinated development and mutual benefit and win-win for Russian enterprises.
Source：China Tianjin Wuqing Development Area
Release Time：2025-09-05 20:30:00
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