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China Open the Door of the Inter-American Development Bank
- By Jerri Lily
- Published 12/27/2011
- Business Management
- Unrated
Jerri Lily
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China's 3.5 billion "Admission" the door opened to the Inter-American Development Bank. January 12, 2009, China formally joined the Inter-American Development Bank Group, becoming the 48th member of the group. Although China's share in the Inter-American Development Bank is not much, but put up a bridge.
Report from the United Nations Economic Commission for Latin America, as of the end of 2009, the Chinese in Latin America's non-financial foreign direct investment (FDI) stock increased to 41.179 billion U.S. dollars, accounting for total non-financial foreign direct investment stock (2,200 billion U.S. dollars) 15%. 2003 to 2009, China's non-financial direct investment in Latin America totaled $ 24,000,000,000.
Hot Latin America
Water Resources and Hydropower Construction Group Corporation (hereinafter referred to as "Chinese water") over the implementation of the Inter-American Development Bank in China and cooperation projects. A person in charge of the company into the Latin American deep feelings of Chinese enterprises, "China's financial strength, has extensive foreign exchange reserves; in the current financial crisis, environment, other foreign companies significantly lower in the local competition."
Since 2005, the contracting phase to develop the Latin American market, as of September 2010, China's hydropower investment in Latin America in more than 15 proposed landmark project to track over 30 projects, in Ecuador and other places are equipped with permanent institutions.
"There is a good time to enter Latin American market. On the one hand, the Latin American region is rich in resources, market potential; the other hand, the world situation changes, China's national power, and the international status, willingness to cooperate with China in Latin America increased significantly, I hope learn from China's successful model. "relevant person in charge of hydropower on the" First Financial Daily "said.
Latin America more and more attention to cooperation with China. "Chinese companies not only sell their products, some companies also brought new knowledge and experience." Promotion of the Inter-American Development Bank, and partners of Foreign Minister Bernardo E. Guillamon in the fourth "China - Latin America Business Summit "held in an exclusive interview, said that before. The Summit by CCPIT and the China Central Bank, the Inter-American Development Bank and Sichuan Provincial People's Government to organize, is the first for the Latin American region to promote trade and economic cooperation mechanism of the platform, and has been promoting Latin America as an important channel for economic and trade relations was formally included in the Chinese government issued a "policy paper on Latin America and the Caribbean."
The rapid development of Latin America both in mineral and energy there is a big space for development. In project contracting, and market competitors, Chinese enterprises have a strong comparative advantage, there is a larger market space. In addition, China and Latin America in the manufacturing, two areas of high and new technology has some basis for cooperation, can complement each other.
CASS academician, Latin America, the former director of the Su Zhenxing researcher believes that the Latin American relations has entered a "comprehensive cooperative partnership," the new stage, bilateral economic and trade cooperation will further expand and deepen, suggested that the Chinese companies focus on improving the trade structure, increase the technology higher levels of export of electromechanical products; key step is to expand direct investment in Latin America.
"Pan Am's Gate"
After China's accession to the Inter-American Development Bank, the cooperation between China and Latin America more smoothly. One person told this newspaper that the central bank to join the Inter-American Development Bank in this region of our country to carry
out financial, economic, trade, investment and other activities provide important new platform.
He, at present, the domestic part of the large enterprises, such as the national power grid, water and Construction Group, Engineering and Agricultural Machinery Import and Export Corporation, Huawei and so on with the Inter-American Development Bank to establish a link channels to explore the next project financing and project bidding specific cooperation. Where a company has been awarded the Inter-American Development Bank 1 billion project.
Bernardo E. Guillamon, admitted that the funding for the members of the Pan American Bank, the borrowing member countries in Latin America to buy its bonds, loans or benefits: the ability to benefit from exclusive materials procurement and construction contracts; members outside the country, even if In the state-owned investment, but also missed the involvement. Therefore, after China's accession to the Inter-American Development Bank, it means open the door to the Latin American market.
Financial support as an important party, financial institutions help to develop the Latin American market, Chinese enterprises have played an important role.
The central bank said that in trade financing and liquidity support, the State Development Bank, Export-Import Bank of China, China has signed a Memorandum of Understanding on the Inter-American Bank, the Inter-American line on the next few years with the full cooperation of planning. Export-Import Bank of China, Agricultural Bank of China, Bank of China has joined the Inter-American Bank's trade finance facilitation program, and promoted the conduct of trade financing.
Co-financing of infrastructure projects and the bidding, the State Development Bank, China Export-Import Bank and the Inter-American Development Bank signed a memorandum of cooperation, make sure the traffic, water supply, public health, telecommunications, energy and other key cooperation projects in the field. Currently, CIC is also on the principles of cooperation with the Inter-American Bank, a preliminary agreement on the basic model, the main provider of Pan American Bank project loans, the investment company for equity investments or mezzanine financing.
In addition, the China Exim Bank, Bank of China also actively introduce enterprises to participate in the Inter-American line item bid, and thus promote the cooperation with the Inter-American Development Bank.
Challenges and space
However, "To fully understand the difficulty of market development in Latin America, fully aware of our own shortcomings." Said the head of China's hydropower.
Many companies said that the regulations and policies in Latin America, including tax laws, fiscal policies, a wide range of demanding. And operated for many years in the region, including Brazil, including Europe and large contractors as compared to local, they are more certain comparative advantages.
The head of China's hydropower that Latin America has a complete, systematic, and close to the stringent tender, bidding documents, contract terms and other requirements of China and Asia, and Africa region are quite different, increased barriers to Chinese enterprises to adapt and competition more difficult.
He also pointed out that "co-financing projects is the main way of drawing. But in view of the difference between legal and economic systems, whether traditional sovereign borrowers, or project financing, or financing model based on trust and so on, Chinese-funded enterprises and Chinese banks is a challenge. "
For the legal environment and other issues, he suggested to hire international consultants, lawyers, and strengthen local companies, multinational corporations and other in the region experienced in the company's cooperation and exchange of information; and for the financing problem, the person in charge that advantages of foreign exchange reserves should continue to play to further strengthen cooperation between banks and specialized financing for the complex structure of the Latin American region and mode of operation, set up their own professional finance team in support of development banks in the region; to strengthen the same industry coordination and cooperation to mineral resources, investment, infrastructure, trade and other project have the opportunity to "bundling" of development.
Report from the United Nations Economic Commission for Latin America, as of the end of 2009, the Chinese in Latin America's non-financial foreign direct investment (FDI) stock increased to 41.179 billion U.S. dollars, accounting for total non-financial foreign direct investment stock (2,200 billion U.S. dollars) 15%. 2003 to 2009, China's non-financial direct investment in Latin America totaled $ 24,000,000,000.
Hot Latin America
Water Resources and Hydropower Construction Group Corporation (hereinafter referred to as "Chinese water") over the implementation of the Inter-American Development Bank in China and cooperation projects. A person in charge of the company into the Latin American deep feelings of Chinese enterprises, "China's financial strength, has extensive foreign exchange reserves; in the current financial crisis, environment, other foreign companies significantly lower in the local competition."
Since 2005, the contracting phase to develop the Latin American market, as of September 2010, China's hydropower investment in Latin America in more than 15 proposed landmark project to track over 30 projects, in Ecuador and other places are equipped with permanent institutions.
"There is a good time to enter Latin American market. On the one hand, the Latin American region is rich in resources, market potential; the other hand, the world situation changes, China's national power, and the international status, willingness to cooperate with China in Latin America increased significantly, I hope learn from China's successful model. "relevant person in charge of hydropower on the" First Financial Daily "said.
Latin America more and more attention to cooperation with China. "Chinese companies not only sell their products, some companies also brought new knowledge and experience." Promotion of the Inter-American Development Bank, and partners of Foreign Minister Bernardo E. Guillamon in the fourth "China - Latin America Business Summit "held in an exclusive interview, said that before. The Summit by CCPIT and the China Central Bank, the Inter-American Development Bank and Sichuan Provincial People's Government to organize, is the first for the Latin American region to promote trade and economic cooperation mechanism of the platform, and has been promoting Latin America as an important channel for economic and trade relations was formally included in the Chinese government issued a "policy paper on Latin America and the Caribbean."
The rapid development of Latin America both in mineral and energy there is a big space for development. In project contracting, and market competitors, Chinese enterprises have a strong comparative advantage, there is a larger market space. In addition, China and Latin America in the manufacturing, two areas of high and new technology has some basis for cooperation, can complement each other.
CASS academician, Latin America, the former director of the Su Zhenxing researcher believes that the Latin American relations has entered a "comprehensive cooperative partnership," the new stage, bilateral economic and trade cooperation will further expand and deepen, suggested that the Chinese companies focus on improving the trade structure, increase the technology higher levels of export of electromechanical products; key step is to expand direct investment in Latin America.
"Pan Am's Gate"
After China's accession to the Inter-American Development Bank, the cooperation between China and Latin America more smoothly. One person told this newspaper that the central bank to join the Inter-American Development Bank in this region of our country to carry
He, at present, the domestic part of the large enterprises, such as the national power grid, water and Construction Group, Engineering and Agricultural Machinery Import and Export Corporation, Huawei and so on with the Inter-American Development Bank to establish a link channels to explore the next project financing and project bidding specific cooperation. Where a company has been awarded the Inter-American Development Bank 1 billion project.
Bernardo E. Guillamon, admitted that the funding for the members of the Pan American Bank, the borrowing member countries in Latin America to buy its bonds, loans or benefits: the ability to benefit from exclusive materials procurement and construction contracts; members outside the country, even if In the state-owned investment, but also missed the involvement. Therefore, after China's accession to the Inter-American Development Bank, it means open the door to the Latin American market.
Financial support as an important party, financial institutions help to develop the Latin American market, Chinese enterprises have played an important role.
The central bank said that in trade financing and liquidity support, the State Development Bank, Export-Import Bank of China, China has signed a Memorandum of Understanding on the Inter-American Bank, the Inter-American line on the next few years with the full cooperation of planning. Export-Import Bank of China, Agricultural Bank of China, Bank of China has joined the Inter-American Bank's trade finance facilitation program, and promoted the conduct of trade financing.
Co-financing of infrastructure projects and the bidding, the State Development Bank, China Export-Import Bank and the Inter-American Development Bank signed a memorandum of cooperation, make sure the traffic, water supply, public health, telecommunications, energy and other key cooperation projects in the field. Currently, CIC is also on the principles of cooperation with the Inter-American Bank, a preliminary agreement on the basic model, the main provider of Pan American Bank project loans, the investment company for equity investments or mezzanine financing.
In addition, the China Exim Bank, Bank of China also actively introduce enterprises to participate in the Inter-American line item bid, and thus promote the cooperation with the Inter-American Development Bank.
Challenges and space
However, "To fully understand the difficulty of market development in Latin America, fully aware of our own shortcomings." Said the head of China's hydropower.
Many companies said that the regulations and policies in Latin America, including tax laws, fiscal policies, a wide range of demanding. And operated for many years in the region, including Brazil, including Europe and large contractors as compared to local, they are more certain comparative advantages.
The head of China's hydropower that Latin America has a complete, systematic, and close to the stringent tender, bidding documents, contract terms and other requirements of China and Asia, and Africa region are quite different, increased barriers to Chinese enterprises to adapt and competition more difficult.
He also pointed out that "co-financing projects is the main way of drawing. But in view of the difference between legal and economic systems, whether traditional sovereign borrowers, or project financing, or financing model based on trust and so on, Chinese-funded enterprises and Chinese banks is a challenge. "
For the legal environment and other issues, he suggested to hire international consultants, lawyers, and strengthen local companies, multinational corporations and other in the region experienced in the company's cooperation and exchange of information; and for the financing problem, the person in charge that advantages of foreign exchange reserves should continue to play to further strengthen cooperation between banks and specialized financing for the complex structure of the Latin American region and mode of operation, set up their own professional finance team in support of development banks in the region; to strengthen the same industry coordination and cooperation to mineral resources, investment, infrastructure, trade and other project have the opportunity to "bundling" of development.
