The Sino-Russian Financial Center, the first financial project invested by Russia in the Guangdong-Hong Kong-Macao Greater Bay Area, settled down in the Guangzhou Development District on Sept 27.

The project was launched by Russia's Sberbank, Beijing Xinnuo Investment Company and Guangzhou Development District.  

With a total investment of 5 billion yuan ($730 million), once operational it will become a world-class international financial center that integrates Central Asia, West Asia, Europe, Russia, Mongolia and other countries and regions.

The three parties sign a cooperation contract on Sept 27. [Photo/cnr.cn]

According to insiders, the center will consist of three major sections: a financial headquarters business district, a financial industry agglomeration area and a financial service agglomeration area. It will offer many financial services, such as products trading, banking services, intermediation, commodity display and trading, culture display, an international financial conference center, and other related functions.