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Latino Daily News

Friday February 18, 2011

Brazil-China Deepen Their Ties with Cross-Listings of Stocks

In an other example of growing ties between Brazil and China, both countries will cross-listing their stocks on each other’s respective stock exchanges.

For Brazil having its stocks listed on the Shanghai Stock Exchange offers Brazilian companies access to a larger source of capital and a new pool of liquidity. 

For China its stocks can now be listed on the BM&FBovespa SA exchange, the biggest security exchange in Latin America.  It is expected that a memorandum of understanding would be signed on Monday.

Investment experts see this is a win-win when two of the ‘fastest-growing economies in the world’ cross-border trade.  China is seeking to attain status as a global financial center by 2020 and is attracting some of the world’s biggest companies for an international equities board and this deal with Brazil is a step in accomplishing that.