CCB Brazil

Chinese banks tiptoe overseas

CCB’s first purchase outside of Greater China illustrates the cautious strategy of Chinese banks as they expand overseas. CCB’s acquisition of Brazil’s BicBanco was years in the making, took advantage of a slowdown in Brazil’s economy and was reasonably priced.
Private Chinese companies such as automaker Jac Motors and Huawei Technologies have made large investments in Brazil.
Private Chinese companies such as automaker Jac Motors and Huawei Technologies have made large investments in Brazil.
November 02, 2013

China Construction Bank’s purchase of Brazil’s Banco Industrial e Comercial (BicBanco) for about $730 million in cash is the latest push by a Chinese bank overseas.  

¬ Haymarket Media Limited. All rights reserved.

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