Living in Peru : your everyday companion

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The China Development Bank (CDB) is interested in the Peruvian financial market and will evaluate the possibility of opening a representation office in the Andean country, said the head of Peru's Bank and Insurance Superintendency (SBS), Felipe Tam, who held a meeting with the Chinese bank's officials.

The Chinese delegation was led by the general vice-director of the International Cooperation Department, Tian Yunhai, and composed of the member of the board of directors, Li Xiaoming, and the manager of the CDB's board of directors Office, Wu Yuanzou.

Tian Yunhai said numbers showed by the SBS ratified CDB's interest in Peru, a country which has a strong financial system and positive economic indicators in the last years.

These factors have allowed the country to better overcome the international financial crisis compared to other Latin American countries.

He also praised Peru's non-discriminatory treatment for national and international investors, encouraging a strong competition in the local market.

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