Brazil and China seek cooperation in stock market

10:07, February 23, 2011      

Email | Print | Subscribe | Comments | Forum 

Brazilian and Chinese stock market representatives participated on Tuesday in the first Brazil-China Capital Markets Forum, in Sao Paulo, to seek joint business opportunities in the sector.

In the forum, which was sponsored by the Sao Paulo and Shanghai Stock Exchanges, the representatives discussed the similarities and differences between the Brazilian and Chinese markets, as well as the market regulations in the two countries.

"This forum aims at increasing the cooperation between the two countries and improving its economies' positions," said Zhang Yujun, president of the Shanghai Stock Exchange.

He said the Brazilian and Chinese economies complement each other, and the Chinese are interested in partnerships with Brazil.

The country is expected to receive a lot of investments in the near future, not only from China, according to the president of Brazil's Development Bank, Luciano Coutinho, who also participated in the forum.

According to Coutinho, Brazil will receive two trillion U.S. dollars in investments in the next four years, and the investment level in the country will reach 23 percent of its GDP.

"We have a firm perspective of investments in the future," he said.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Early winners, losers in Doha opener
  • Shanghai Jinxing Dance Theater members perform in Rome
  • Dance performance in Kuwait
  • Golf stars promote HSBC Women's Golf Champions in Singapore
  • UN Security Council holds meeting on Libya
  • Jordanians hold demonstration against Gaddafi
Hot Forum Dicussion