China Construction Bank Eyes LatAm

May 31, 2009

The China Construction Bank (CCB) is assessing the potential in Latin America as a possible second phase of its Americas buildout, raising the prospect of substantial fresh capital flows to the region. Though no decision has yet been made on coverage of the region – and CCB is not committing to anything – it appears a likely eventual next step, starting with Brazil. “Head office is in the process of evaluating the LatAm strategy and undergoing a...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management