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WEB.The Russian Federation and the Russian Export Center open the Russian trading company Hua No E Xiang in China
Hua No E Xiang's head office in Russia will be the REC, which will ensure cooperation with exporters on a one-stop-shop basis.
In accordance with the current Chinese legislation, the company will be able to carry out trade and import-export operations, conduct consulting activities, act as an agent of partner enterprises in order to solve specific business problems in China, and enter into the equity of other companies.
Also, participate in the mechanism of providing guarantees for Chinese enterprises when importing Russian products, develop logistics supply chains and act as an agent for forwarding transactions in order to reduce risks and costs for both sides of the foreign trade transaction.
The trading company has already been connected to the information system of Russian export-oriented enterprises developed by REC. There are preliminary agreements on cooperation with a number of Russian suppliers and Chinese importers in Beijing and Shanghai, the provinces of Guangdong, Heilongjiang and Sichuan.
Hua No E Xiang will receive remuneration based on the principle of "pay for the result". This means that the company will be able to claim remuneration only if the Russian company that applied successfully enters the Chinese market. If successful, similar structures will be created by VEB.The Russian Federation and REC in other countries.
