Zhang Dongxiang (left), president of the Bank of China's Brazil unit and Chinese Enterprises Club, signs a cooperation agreement with Paulo Uebel (right), director of LIDE, a private organization of leading Brazilian entrepreneurs, in Sao Paulo on Oct 18, to enhance communications between entrepreneurs of both countries. Standing, from left: Guan Genjunqiang, president of SANY Brazil; Peng Jian, president of Chery Brazil; Li Jinzhang, China's ambassador to Brazil; Chen Xi, general counselor of China in Sao Paulo; Monica Fang, president of LIDE China; and Li Qianjin, president of XCMG Brazil. Zhang Fan / China Daily

Two leading business organizations signed a cooperation agreement in Sao Paulo on Oct 18 to work together to enhance communication between the entrepreneurs of both China and Brazil.

Zhang Dongxiang, president of the Bank of China's Brazil unit and Chinese Enterprises Club, signed the agreement with Paulo Uebel, director of LIDE, a private organization of leading Brazilian entrepreneurs.

The signing ceremony is among a series of events held by the Bank of China and other member companies of the club, including SANY and Chery, to celebrate the one-year anniversary of the Chinese Enterprises Club in Brazil.

The club aims to provide a platform for Chinese entrepreneurs in Brazil for networking and cooperation. After one year, it has already gained more than 50 member companies in Brazil.

"Such rapid development shows that the club is a good platform for communication among Chinese companies in Brazil," said Li Jinzhang, ambassador of China to Brazil at the ceremony.

Zhang said at the ceremony that the club received great help from the Chinese government and also from member companies, which mostly are large companies, such as State Grid and China National Petroleum Corporation.

"The cooperation with LIDE can further unite both Chinese and Brazilian entrepreneurs. From now on, the club is no longer simply about China but about both countries," Zhang said.

Zhang's words were echoed by Monica Fang, director of LIDE China.

Fang said he was impressed by the rapid development of Chinese companies in Brazil.

As Brazil is boosting investment in transportation, infrastructure, agriculture, information, logistics and innovation in science and technology, more involvement from Chinese enterprises are expected.

More job opportunities have been created in the local market by Chinese companies, which have hired many Brazilian workers.

For example, Chinese car maker Chery, which inaugurated its first plant in Brazil in August in the city of Jacarei in Sao Paulo state, now employs 300 people. When fully operational, it will have some 3,000 people.

Chinese investments in Brazil have been seen in a highly positive way by Brazilian media, according to a July survey by Brazilian communications agency In Press.

According to the survey, Chinese investments have a positive impact on Brazilian media of 77.2 percent, and China is regarded as a partner to Brazil's growth.

Janaina Silveira, business development executive at In Press, told Xinhua that this has a lot to do with the investments Chinese companies make here. "There is a perception that China helps Brazil's development," he said.

Fang said that he hopes that LIDE can better serve companies from both countries in the future.

"Chinese companies have made great efforts in exploring the Brazilian market," said Fang.

"We would like to provide the assistance necessary to make it easier for them to take root and grow."

fanzhang@chinadailyusa.com