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Subject
The outlook for Chinese banks in Latin America.
Significance
Commercial banks from China have been increasing their footprint in Latin America in recent years. The latest example of this growing trend came in May when Chinese lender Bank of Communications (BoCom) announced it would purchase control in Brazilian Banco BBM, coinciding with the visit of China's Premier Li Keqiang.
Impacts
This growing presence will support the increasing number of Chinese companies that are "going global".
Expanding Chinese banks can contribute to growth and job creation in Latin America's services sector.
Chinese appetite for banking assets will broaden the range of potential buyers for Latin America's many family-controlled banks.
Keywords:
economy,
industry,
agriculture,
banking,
finance,
foreign investment,
foreign trade,
soft commodities,
China,
Latin America,
LA/C,
Argentina,
Brazil,
Colombia,
Ecuador,
Mexico,
Panama,
Peru,
Venezuela
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2015
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