Argentina's first RMB direct investment landing enterprise | RMB | Argentina
Buenos Aires, August 30 (Xinhua) - It was learned from the Buenos Aires branch of Bank of China that the bank completed Argentina's first RMB direct investment on the same day.
This investment comes from Chinese new energy enterprise Bangpu Cycle, with an amount of RMB 428736, used for the daily operations of its Argentine subsidiary.
A staff member of Bangpu Circular's Argentine subsidiary told reporters that the implementation of RMB direct investment has provided enterprises with more currency choices in investment and trade, injecting new impetus into the development of China Arab economic and trade.
Bank of China Buenos Aires Branch opened in December 2019, and in June 2022, with the special approval of the Argentine Central Bank, the first RMB settlement account in Argentina was opened.