Seif, heading a high-ranking delegation, left Tehran for Beijing on Thursday and he is expected to sign agreements and memoranda of understanding (MoUs) with Chinese banking officials, including a ten-billion-dollar agreement to finance construction and manufacturing projects in Iran.
A memorandum of understanding, worth 15 billion euros, is also expected to be signed between representatives of the Iranian banks and China's Development Bank.
The two sides will also try to solve banking problems faced by Iranian companies working in china.
In a relevant development in early August, Tehran and Beijing signed a memorandum of understanding (MoU) to expand their economic cooperation.
The MoU was signed between Iran-China Chamber of Commerce and China Chamber of Export and Import of Food Products on the sidelines of a two-day international conference on dried fruits, which kicked off in the city of Guangzhou.
Head of Iran-China Chamber of Commerce Assadollah Asgar Oladi in a speech explained economic cooperation situation between Iran and China and presented figures concerning world export of pistachio and Iran's share in this market.
The conference is held with the aim to improve exchange process between companies active in dried fruits and promotion, development of nuts industry in China.
It is expected that experts from different countries would share their experiences in the conference.
On the sidelines of the conference an exhibition will also be held by companies active in dried fruits industry and among them five Iranian companies will present their products.
In relevant remarks in late July, Tehran's Ambassador to Beijing Ali Asqar Khaji announced that Iran's exports to China have increased considerably in the first half of 2017 compared to the same period last year.
"The volume of Iran's exports to China has increased considerably in terms of weight in the first six months of 2017," Khaji told reporters.
Noting that China is the largest importer of Iran's non-oil products, he said the volume of the country's non-oil exports to China has shown considerable rise as compared to the previous year.
Iran exports around 40 percent of its petrochemical products and 60-70 percent of the country’s polymer materials to China.
