The two largest banks in Brazil, Bradesco and Itaú, are investing in the Chinese investment market, reinforcing their internationalization.

Bradesco, in collaboration with China Universal Asset, plans to launch a fund of Brazilian assets on the Shanghai Stock Exchange, through an ETF (index fund), possibly in October. In return, an index fund of Chinese securities will be listed on B3, allowing Brazilian investors to access the Chinese market.

Bruno Funchal, CEO of Bradesco Asset, highlighted the great potential of the partnership for Brazilians interested in innovative sectors in China and for Chinese who wish to explore the Brazilian market, especially in commodities.

In turn, Itaú has entered into a partnership with E Fund. The partnership aims to explore multiple investment platforms, providing Brazilian and Chinese investors with new opportunities for diversification.

(Source: Money Report, on August 26)