Caribbean Finance Delegates Attend Event Examining Doing Business With China

Representatives from Caribbean financial institutions are attending the first China Insights Programme focusing on the economic, financial and cultural reality of China.

The Inter-American Development Bank (IDB) said that the Caribbean delegates are among 11 senior representatives of trade finance and international commerce departments of financial institutions from Latin America and the Caribbean (LAC) attending the event.

The IDB, which is organizing the programme, said it is to help banks from Latin America and the Caribbean improve the commercial and financial ties between their client firms and companies from China.

The China Insights Programme will cover key aspects of the Chinese financial and commercial regulation, including current important trends such as the internationalization of the Renminbi.

“We know that the potential of the Chinese market is huge and yet, still quite unknown to the financial intermediaries of Latin America and the Caribbean,” said Gema Sacristan, Chief of the IDB’s Financial Markets Division.

“For that reason, a deeper knowledge of the Chinese financial system will help reinforce the commercial relations between both sides of the Pacific.”

The programme includes expert panels, networking events for the LAC bankers and their Asian counterparts and visits to the financial authorities, the People’s Bank of China and the China Council for the Promotion of International Trade.

“China is the first stop of the Insights Programme, expected to be replicated in other countries in order to help other banks from the region in their support of the internationalization of companies from Latin America and the Caribbean,” the IDB added.