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Azerbaijan Intends to Invest $ 500 Million in China's Financial Market

"We have received a positive response from China."


CBA plans to invest $500,000,000 in China's financial market.

The statement came from the deputy chairman of the Central Bank of Azerbaijan Aftandil Babayev.

He noted that the entrance to China's financial market requires special rules. In this context, two agreements were obtained from the Central Bank of China.

"We have received a positive response from China. We have the right to participate in the market. After that, we will examine the quality of securities. We will obtain the security that is acceptable for us," A.Babayev said.

Regarding the placement of currency in other Asian markets, the discussions with foreign managers are conducted in this connection. A.Babayev noted that after the signing of the agreement, the CBA will make changes in investment strategy.

CBA intends to purchase securities in the amount of $500,000,000 in the Chinese market and $500,000,000 in other Asian markets with the help of foreign managers.

Source: News.Az

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