Spain's BBVA is set to invest a further €1.1bn ($1.6bn) to lift its strategic stake in China Citic Bank and cement its position as one of the leading European investors in mainland Chinese banking.
The fresh investment contrasts with the caution of many western banks, including UBS and Royal Bank of Scotland, that this year were forced to scale back their commitments to China as a result of the financial crisis.
It also highlights the relative strength of Spanish financial groups, which are pressing ahead with global expansion plans. Both BBVA and Santander, its larger domestic rival, have strong Latin American presences and have used their growing capital reserves to invest in the US.
您已阅读26%（692字），剩余74%（1949字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。