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China
28 February 2023

Millennium bcp reports 51% rise in net income to EUR 207.5 million

Millennium bcp, whose biggest shareholder is China´s Fosun, reported 51% rise in net income in 2022, to EUR 207.5 million.
13 February 2023

China’s central bank sets up yuan clearing arrangements in Brazil

China's central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, in a move to help boost the currency's global clout.
10 February 2023

New European battery plant for EVs lead Belt and Road investment to highest level since 2019

China’s investment in the countries along the Belt and Road rose to the highest since 2019, with much of that increase due to a new battery plant for electric vehicles, according to a report from Fudan University in Shanghai.
19 January 2023

Brazilian fintech backed by China’s Tencent gets USD 150 million loan to expand in Latin America

Nubank, the Brazilian fintech backed by China’s Tencent Holdings, secured a loan of up to USD 150 million from the International Finance Corp, the private lending arm of the World Bank, to grow its business in Latin America.
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