In September, the Brazil government relaxed restrictions on the establishment of financial institutions. Bank XCMG, affiliated to China's Xuzhou Construction Machinery Group, has become the first foreign bank that was approved by Brazil's central bank after the release of the new regulation, and the bank's foreign shareholding ratio is as high as 100 percent.
Wang Yansong, XCMG's vice president, said that Bank XCMG will carry out financial leasing and other services in Brazil and help companies reduce exchange rate risks and financing costs.
As cross-border trade grows, fin-tech companies from both countries have carried out in-depth cooperation, such as that between Brazilian financial payment company Ebanx and AliExpress, in providing consumers with cross-border payment solutions.
In 2018, Ebanx handled 35 million cross-border transactions related to Chinese merchants, said its co-founder and CFO Wagner Ruiz. He expressed the hope that the company can help Chinese merchants sell more in Latin America in the future.
The BRICS leaders' meeting is an excellent opportunity for Brazil to deepen business, investment and financial cooperation with China and other BRICS countries, said Marcos Trojan, special secretary for foreign trade and international affairs of Brazil's Ministry of Economy.
【国内英语资讯:Spotlight: China-Brazil trade set to reach new heights】相关文章:
★ 掩耳盗铃
★ 怎样挖出违规员工
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15