Most of this local capital goes to Argentina and, to a lesser extent, Peru and Brazil. Investments can be found in banking, insurance, pension funds, telecommunications, power distribution, paper and printing production, supermarkets and computer services. In addition, Chile exports the managerial expertise and know-how developed by its business community. Financial Services Chile is home to a modern banking and financial system. Most of these institutions are private, and many are foreign.
Complete freedom is granted for new companies to enter the financial market, except in banking.
The industry is particularly attractive to foreign investors. In addition, a variety of Chilean institutions are now active in international markets through direct investments and consulting services. On-line Chile is home to three bourses. The Santiago Stock Exchange , established in 1893, handles the largest volume of transactions, followed by Chile's Electronic Exchange , launched in 1989. In 1988, the smallest of the three, the Valpara so Stock Exchange reopened its doors for business.