On June 19-26, 2014, Feng Guanghua, Deputy Secretary-General of NAFMII, led a delegation to Russia and Poland and held talks with institutions, including the National Association of Securities Market Participants of Russia (NAUFOR), VTB Group's investment bank (VTB Capital), National Securities Market Association (NSMA), HSBC Bank St. Petersburg Branch, Warsaw Stock Exchange (WSE) and Deutsche Bank Warsaw Branch.

The delegation exchanged views and information with local institutions on issues such as current macroeconomic situation, financial market development status and overall framework of the bond markets in Russia and Poland. In particular, the delegation learned the latest trends of Russian financial market regulatory reform, function division of self-regulatory organizations and their development status, OTC and non-OTC bond repurchase transactions, cases of financing through the issuance of RMB bonds and so on.

Mr. Feng also introduced the development of China's bond market as well as the efforts NAFMII has made？？ in promoting China’s interbank market’s development, innovation and standardization to relevant Russian and Polish institutions. Furthermore, two sides also discussed the possibility to further enhance bilateral exchanges and cooperation. Local institutions expressed their hope to enhance communication with NAFMII in the future on perspectives of sharing market information and promoting market self-regulatory management.