Absa Group, Africa's largest bank, establishes a non-banking subsidiary in China to serve growing Africa-China trade.
Absa Group, Africa's largest bank, opens a non-banking subsidiary in China aiming to tap growing trade ties between Africa and China. The Beijing office will provide advisory services to Chinese clients and distribute research reports. This move follows other major African banks expanding their presence in China, and Absa's new office will operate under a foreign-owned enterprise license.
May 08, 2024
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