Spanish & gt; & gt; China
UPDATED: 04/03/2015 – 16:23
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MADRID, April 2 (Xinhua) – The Bank of Spain (BE) has joined the China Construction Bank (CCB) in the register of financial institutions in Barcelona (Spain) and is the second Chinese financial group entering the country after the arrival in 2011 of ICBC.
In a resolution published Thursday in the Official Gazette (BOE), the EB said it is a branch of his Luxembourg subsidiary, which has the EU approval and is covered with the Fund Deposit Guarantee (FGD) in Luxembourg.
The CCB, which was signed last March 23, is considered a of the leading commercial banks of “Asian giant” entities with total assets of over 2.7 billion and a market capitalization of close to 200,000 million euros, more than double the Banco Santander, collects economic newspaper today Expansion.
In early 2011, the Industrial and Commercial Bank of China (ICBC), one of the largest financial institutions in the world by market capitalization, opened its first branch in Spain with the aim of bringing the business growing Chinese community in the country and serve as a bridge of investment of Chinese enterprises in the domestic market, highlights the economic daily.
In the classification of Asian banks funded the first is the ICBC ( 255,000 million), followed by the CCB (197,000 million euros), and Bank of China (183,000 million euros), according to collect today different Spanish financial means.
The CCB has so far 13,629 branches across China, and over 10 branches or offices in Frankfurt, Johannesburg, Singapore, New York, Tokyo, Seoul and London, among others.
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