The branch of Bank of China (Bank of China) in Buenos Aires, carried out this Wednesday first direct investment in yuan in the country. Thus, the bank, which supervised in 2022 the opening of the first yuan accounts in Argentinamarks a new milestone in the incorporation of the chinese coin as an asset in Argentina, which drives the Central Bank (BCRA).
As reported by People’s Daily Online, the Chinese energy company Brunp Recycling became a pioneer investor and is the first to inject 428,736 yuan (about US$58,892) in the local economy.
The yuan investment It will be destined to cover the daily operating costs of its new branch in the country.
Since it opened its doors in Buenos Aires, the bank of china has had as objective attract investment and Chinese trading partners to the local market, and has been cooperating to stimulate and consolidate the yuan market in Argentina.
The bank supervised in 2022 the opening of the first accounts in Chinese currency in this country.
Note in development.-
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