China and Russia have agreed to strengthen cooperation in the financial sector, particularly in the bond market, with an aim of jointly supporting global economic growth following a high-level bilateral financial dialogue that ended this week.

"Russia will actively consider the issuance of yuan-denominated bonds on the Moscow Exchange," said a statement on the website of the Chinese Ministry of Finance late on Thursday.

China would also encourage domestic investors to invest in bonds issued by Russia, in line with the existing framework of laws and regulations, it said.

Further cooperation measures are expected by the two sides to facilitate the access of investors from both countries to each other's bond market, said the statement issued after the 8th China-Russia Financial Dialogue held in Moscow on Thursday.

Liu suggested the two countries strengthen macroeconomic policy communication and coordination, supporting each other on significant global financial issues and exploring new areas for cooperation, including fiscal and tax policies.

" (China and Russia) can take effective macroeconomic policies, accelerate structural reforms and enhance macroeconomic policy communication and coordination, jointly support multilateralism and the free trade system, aiming to promote stable and healthy development of the global economy," Liu was quoted as saying in the statement.

The two sides reaffirmed their commitment to deepen bilateral economic and financial relations. The delegates also agreed to strengthen communication and cooperation on economic and financial issues of mutual interest