国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Chinese financial institutions make strides in Brazil

(Xinhua) Updated: 2015-06-16 14:22

RIO DE JANEIRO - Most of China's big financial institutions have entered the Brazilian market and achieved rapid development there thanks to expanding cooperation between the two countries.

China Development Bank (CDB) has granted Brazil's oil and gas giant Petrobras a loan of $1.5 billion, the Chinese bank told Xinhua on Monday.

The loan is part of a long-term financing agreement between Petrobras and the CDB, signed during Chinese Premier Li Keqiang's visit to Brazil in May.

In addition to the financing deal with Petrobras, the CDB says it has also signed cooperation deals with a Brazilian state government and several agribusiness companies in the country. Under these deals the CDB will have to provide a total of 6 billion dollars in fund.

The CDB started doing business in Brazil in 2006 and has funded 28 projects by the end of March this year, covering energy, electricity, infrastructure, agriculture, equipment manufacturing and telecommunications.

The CDB promised $39.5 billion of loans to these projects and has lent $23.7 billion so far, according to the company.

Some other Chinese financial institutions are also active players in Brazil.

The Export-Import Bank of China recently inked agreements worth $6.65 billion with four Brazilian companies for technology transfer from China.

The deals will help Brazilian miner Vale and energy giant Petrobras to import advanced ships and ocean engineering equipment, and provide financial support to Chinese enterprises to buy 40 E-190 jets from Brazilian aerospace conglomerate Embraer, said the bank.

The bank also made a deal with the Brazilian Development Bank to facilitate investment from China.

China's Bank of Communications also announced during Premier Li's visit to Brazil that it has reached agreement with the Brazilian bank BBM to buy 80 percent of its stake.

"This acquisition will bridge the economic and financial cooperation between Brazil and China, and boost bilateral investment and trade," Niu Ximing, president of the bank, told Xinhua.

Insurance companies from China also see their businesses thrive in Brazil.

China Export and Credit Insurance Corporation (SINOSURE) has reached a long-term partnership agreement with Brazil's largest credit report company Serasa Experian. And the deal will enhance SINOSURE's underwriting capacity in Latin America so as to better serve Chinese companies in this region.

Brazil is China's largest trade partner in the region, with two-way trade at $86.67 billion in 2014. China's investment in Brazil reached $18.94 billion by the end of 2014.

As the two countries agreed to deepen cooperation, particularly in production capacity and equipment manufacturing, Chinese financial institutions are facing great opportunities to achieve full-scale development in Brazil, experts said.

Hot Topics

Editor's Picks
...
隆昌县| 临城县| 鲜城| 新河县| 山东| 镇宁| 江孜县| 辰溪县| 乌拉特前旗| 靖江市| 芜湖市| 富川| 德格县| 长垣县| 洪洞县| 嵩明县| 如皋市| 白河县| 德化县| 商南县| 宿松县| 堆龙德庆县| 南乐县| 奎屯市| 闽清县| 康马县| 佳木斯市| 嘉义县| 定远县| 富民县| 克什克腾旗| 筠连县| 双城市| 祁阳县| 高台县| 调兵山市| 紫金县| 凤翔县| 天气| 闵行区| 东山县|