Financial University under the Government of the Russian Federation (Moscow) and Shenzhen MSU-BIT University (China) are planning to launch cooperation in scientific, educational and cultural spheres, the press service of the Russian university reported.

The corresponding document was signed on Wednesday by Stanislav Prokofiev, Rector of the Financial University, and Li Hezhang, Rector of Shenzhen MSU-BIT University.

“Within the framework of cooperation, it is planned to develop joint educational programs and conduct scientific research, launch academic exchange among students, and organize reciprocal visits by faculty members, as well as open an International Laboratory for Digital Currencies and Digital Financial Assets, which is especially important, since it is the People’s Republic of China that has provided the best international practice in this area, in particular in connection with the promotion of the digital yuan,” noted Stanislav Prokofiev.

In turn, Li Hezhang noted the importance of cooperation for strengthening relations between the countries.

“The signing of the protocol of intent will contribute to the further deepening and development of bilateral cooperation. In the course of our joint work, we will train personnel for strategic cooperation between Russia and China, and an important role in this is played by the establishment of academic ties, the launch of joint research projects that will make a great contribution to the development of world science,” said Li Hezhang.

The Rector of the Financial University said that the University pays great attention to the development of Russian-Chinese cooperation, and also stressed the growing interest of Russian students in the economy and culture of China. Thus, more than 200 FinU students study Chinese. In addition, more than 60 students and postgraduates from China are currently studying at the Financial University.