Media ININ Economy We Trust
Media In \ Vienna 30-04-2019 / WAM
Austria and the Chinese government have signed several memorandums of understanding to strengthen bilateral cooperation in various fields, including economic and cultural cooperation, scientific research and enhanced cooperation between Austrian and Chinese companies through the Third Party Agreement, which allows Austrian companies to participate in projects implemented by China in Africa, Asia and Central Europe Eastern and Balkan regions.
A memorandum of understanding was signed between the agency and the Industrial and Commercial Bank of China to issue Austrian government bonds in Chinese currency “yuan”, to be sold on the bond market in China, said Christian Shreis, a spokesman for the Austrian Federal Finance Agency. Between the two countries.
Austria could become one of the first countries in the euro area to issue government bonds denominated in Chinese currency, which is expected to contribute to expanding the investment base and attracting Chinese investors, he said.
The signing ceremony was held during the visit of Austrian Prime Minister Sebastian Kurtz to China, where he met with Chinese President Xi Jinping and his Chinese counterpart Li Keqiang. He held meetings with Chinese businessmen and company managers and participated in the “Belt and Road” forum. Hosted by Beijing, attended by Heads of State and Government, diplomats and representatives of non-governmental organizations
