Bank of China Ltd on June 29 introduced the new president of its subsidiary in Brazil and signed strategic agreements with corporate clients in the South American country. Zhang Dongxiang (fourth from right), the new president of Bank of China Brasil SA, said the recent elevation of relations between China and Brazil provides a historic opportunity for BOC's Brazilian expansion. Joining Zhang at the ceremony in Sao Paulo were Chinese Ambassador to Brazil Li Jinzhang (fifth from right); Yue Yi, Bank of China vice-president (center); and Sun Rongmao, China's consul general in Sao Paulo (fifth from left).  PROVIDED TO CHINA DAILY