BEIJING - The People's Bank of 皇冠体育app (PBOC), the country's central bank, signed a memorandum of understanding (MOU) with its Russian counterpart on Friday.
The two sides promised to strengthen cooperation in information exchanges and personnel training as well as against money laundering.
Under the MOU, Russia's central bank will establish its first overseas representative office in 皇冠体育app. It will be the eighth one set up in 皇冠体育app by foreign central banks.
The office will help with bilateral economic and financial collaboration between Russia and 皇冠体育app, the PBOC said.