BCP. Having Fosun as a shareholder allowed access to the Chinese market

Watch the video with Miguel Maya, CEO of Millennium BCP, at the Road To China conference.

Miguel Maya, CEO of Millennium BCP, said that having Fosun as a shareholder of the bank allowed to end the process of transformation in the main private bank.

The Chinese stockholder, with no connection to the financial sector, holds 30% of the bank, while Angolan shareholders hold 20%. Despite this, the consolidation is in Portugal. "It's our main market. We are not an affiliate, a branch,"the CEO said, underlining that with this shareholder structure the bank gained access to Chinese and Angolan clients.

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