Ulrich is not Chinese, but could be – Express

It is hard not to like Fernando Ulrich. The President of BPI is what speaks. Front, direct, without brake on the tongue. Some people do not like the style. I like. Although not often agree with him. But there is one thing that can never fail to do. Show all the cards. Fernando Ulrich said shocked by the large Chinese investment in Portugal at a time when competing to buy the New Bank, exactly against Chinese capital.

Transparency is something that bankers should preserve more. I may be wrong, but I do not remember hearing Fernando Ulrich today slagging on their investment. Incidentally, the first manager / weight manager who spoke out against these investments was Alexandre Soares dos Santos, last year, during the annual conference of Exame magazine. It is at least strange that only now, when Chinese investment is attacking the financial sector – (already bought the loyalty and BESI and are considered as favorites to buy the New Bank) – which makes it both print investment

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But the chairman of the BPI does not stop here and appear in defense of the Angolan capital stating that “no one is shocked that the president of Fosun is a member of the Chinese Communist Party Committee and the companies are controlled by State and then ‘here of the king’ when Angolans buy anything in Portugal, arguing that they are not transparent “. (Sentence from the web page of the Economic Daily).

First to say, Guo Guangchang, Fosun leader, is not a member of the Chinese Communist Party Committee. Worked, still in college, for the Chinese Communist youth. And it was called in 2012 to attend the congress of the Chinese Communist Party. He and some of the richest men in China. But in this case it until it does not matter. Are public and known relations between the various Chinese companies and the Chinese government. One thing they do not do is hide these connections. And secondly we must never forget that the Chinese investment in Portugal was in fact done with money from China, ie represented foreign exchange inflows.

Now Angola. In Ulrich point could not be more right. Any Angolan investment is not well seen in Portugal. There is a national complex against money Angola. Complex there against Chinese money

But Ulrich -. (The leading bank has the second largest shareholder Angolan businesswoman Isabel dos Santos and whose main source of revenue is the operation which has in Angola, BFA) – forgets to mention the opacity that exists in relation to the Angolan investment. What I would say Ulrich is one of its main shareholders were Chinese?

Many of the Angolan investments in Portugal were actually made with cash Portuguese banks. And there’s only one thing less transparent the origin of the money some Angolan entrepreneurs, their intentions for Portugal. In this aspect the Chinese do not hide their goals, which are not short-term, and that are part of a well-defined national strategy.

In the rest of the Chinese investment has both good and bad as the Angolan.