During an official visit to China, Russia's National Settlement Depository (NSD) signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDCC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Eddie Astanin, chairman of the NSD Executive Board, said: “The Asian region is a very important element for full-scale integration of Russia’s post-trade infrastructure into the global financial system. Together with Chinese colleagues and under the support of the Bank of Russia and the People’s Bank of China we work on providing investors with mutual access to our countries’ markets. Co-operation in the FinTech (financial technology) sphere will become an important element in our co-operation with CSDC. In particular, we agreed to co-ordinate our efforts aimed at researching the opportunities for using the blockchain technology in the post-trade sector.”