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China
19 July 2022

China´s Binance hiring in Portugal while awaiting central bank approval
China´s Binance, the world’s largest cryptocurrency broker, is in a recruitment process to start operations in the Portuguese market.
China
19 July 2022

Appeal Court in Portugal upholds Haitong fine
The Lisbon Court of Appeal confirmed a fine of EUR 400,000 for Haitong Bank, formerly Banco Espírito Santo International (BESI), in connection with the sale of ESI and Rioforte commercial paper in Espirito Santo banks in Portugal.
Angola
18 July 2022

Monetary Authority of Macau enters financial supervision agreement with Banco Nacional de Angola
The Monetary Authority of Macau (AMCM) and the National Bank of Angola (BNA) have entered an agreement in the area of ​​financial supervision.
China
14 July 2022

No divestment in Portugal foreseen, Fosun chairman says
Fosun chairman Guo Guangchang says “no divestment is foreseen in Portugal”, where the company owns multiple assets, including in banking and insurance.
Angola
12 July 2022

African governments owe three times more debt to private lenders than China
African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to research by Debt Justice.
Angola
28 June 2022

Angola’s debt to China drops to USD 21.4 billion
Angola's debt to China fell by USD 351 million in the first quarter, to USD 21.4 billion, according to data from REDD Intelligence.
Angola
01 June 2022

Legal Update/ Angola: Banking and Non-Banking Financial Institutions
Angolan authorities have reviewed the minimum regulatory capital and equity applicable to Banking and Non-Banking Financial Institutions (NBFI) linked to currency and credit, according to official legal database Legis-PALOP+TL.
Angola
18 May 2022

Legal Update/ Angola: Non-Banking Financial Institutions
Angola has revised requirements and procedures for the authorization to set up Non-Banking Financial Institutions linked to currency and credit, according to official legal database Legis-PALOP+TL. 
Brazil
17 May 2022

China prioritizing commercial loans for its companies’ projects in Brazil
China is prioritizing commercial loans for its companies' projects in Brazil and other Latin American countries, not issuing any state-to-state loans over the past two years.
Angola
11 May 2022

Legal Update/ Angola: New Tax Benefits Code
Angola´s Tax Benefits Code will enter into force on May 14, including new benefits for investment, according to official legal database Legis-PALOP+TL.
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