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China

Insurance company Fidelidade authorised to invest in Chinese Stock Market

21 January 2016
Portuguese insurance company Fidelidade, acquired from the Caixa Geral de Depósitos (CGD) by Chinese group Fosun, has become the first company in Portugal to have direct exposure to the Chinese stock market, after receiving a quota of US$700 million to invest in the Shanghai and Shenzhen stock markets, according to information provided to the markets. Fidelidade has been authorised to invest in the Chinese market through the Qualified Foreign Institutional Investor mechanism, a programme created in 2003 that allows a small group of foreign companies to invest in 'A Shares' denominated in the Chinese currency (yuan) and comprises US$81,1 billion in capital.

Brazil and China study investment projects in Brazil

14 January 2016
Chinese and Brazilian technicians and engineers are already studying possible investment projects in Brazil, specifically the railway that will link the Pacific and Atlantic Oceans and in industry, according to Brazilian newspaper Jornal do Brasil.

Chinese company invests in energy production in Mozambique

13 January 2016
Chinese company Shanghai Electric Power (SEP) has agreed to invest US$25.5 million in an energy production project in Mozambique in return for a 60 percent stake in Ncondezi Power Company (NPC), said the Ncondezi Energy group.

Chinese company advertises real estate investment in Portugal

12 January 2016
The Level Constellation real estate company intends to invest 100 million euros in a new real estate development in Lisbon, Portugal, the president of the Chinese company, Wen Yingjie, told Portuguese weekly newspaper Expresso.

Chinese ambassador guarantees support for Guinea-Bissau will continue

11 January 2016
The Chinese ambassador in Guinea-Bissau, Wang Hua, reaffirmed the willingness of his country to continue this year to support the Guinean government in combating poverty and hunger, according to statements made Friday in Bissau. At the end of an audience granted by the Prime Minister of Guinea-Bissau, Carlos Correia, the ambassador said some measures had been defined in the framework of bilateral cooperation and gave assurances that such cooperation would be enhanced and extended in the coming years.

Angola launches tender reserved for Chinese companies

7 January 2016
The government of Angola this month plans to launch a tender exclusively for Chinese companies for the execution of contracts in seven industrial development hubs, according to an official notice published in state-owned newspaper Jornal de Angola.

China Three Gorges signs management contracts for two dams in Brazil

7 January 2016
The China Three Gorges Group signed Tuesday with the Brazilian Ministry of Mines and Energy contracts relating to two hydroelectric concessions in the country, according to news agency Brasil. The signing is the culmination of an auction in which the Chinese group paid 13.8 billion reais (US$3.66 billion) to be awarded management of two major hydroelectric plants in Brazil.

Indian group Tata starts operating in Angola

6 January 2016
Tata International, a trading and distribution company of Indian group Tata, plans to expand in Africa by entering the Angolan and Ethiopian markets, bringing its presence in Africa to a total of 14 countries, said a senior company executive.

Cahora Bassa dam, Mozambique, sees record power production in 2015

6 January 2016
The Cahora Bassa hydroelectric facility in Mozambique's Tete province, in 2015 reached a new record of electricity production of 16,978 gigawatt/hours, an annual increase of 2.44 percent, the facility's management company said. The previous record was achieved in 2009, the year production reached 16,574 gigawatt/hours. The new record in 2015 came after significant investments in the Cahora Bassa Hydroelectric Dam (HCB) with the implementation of its Engineering Plan.

Trade between China and Portuguese-speaking countries shrinks 25 pct from January to November

6 January 2016
Trade between China and Portuguese-speaking countries experienced a real contraction of US$31.674 billion from January to November 2015 compared to the same period of 2014, according to official figur…

Chinese company invests in fishing complex and hotel in Guinea-Bissau

5 January 2016
China's Fujian Shai Corp will invest over US$300 million in construction of a fishing complex and a luxurious five-star in Prabis, Guinea-Bissau according to statements made by the president of the Chinese company, Yang Ming. The place where the project will be built, 18 kilometres southwest of Bissau, was visited Sunday by a group of businesspeople and investors from China on visit to Guinea-Bissau.
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