Moscow Exchange Turnover Affected by Qifa's IPO Delay Amid High Interest Rates
Moscow Exchange Turnover Challenges
Qifa's upcoming IPO has been postponed as high interest rates create *significant pressure* on the Moscow Exchange turnover. The company initially aimed for an August listing but now eyes October or November, citing the 200 basis point increase of the key interest rate to *18%* as a critical factor.
Impact on Trade Relations
Russian and Chinese trading relations have also been impacted, with both nations seeking ways to **overcome payment delays** amid sanctions. CEO *Sun Tianshu* pointed out that payment complications emerged in March but noted signs of improvement.
- Qifa's revenue increased *75%* year-on-year, boosting hopes for future trade expansion.
- Challenges still exist, such as the need for innovative solutions to ensure smoother trading conditions.
- Prospects for annual turnover could potentially grow to *US$400 billion* as both markets adapt.
*Sun's* remarks during the Eastern Economic Forum in Vladivostok convey the urgent need for a streamlined approach in Russo-Chinese trade to enhance cooperation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.