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Absa opens non-banking subsidiary in China

Monday, May 13, 2024 | 420 Views |

Absa Group says it has launched a non-banking subsidiary in the People’s Republic of China, a move that fortifies the vital economic bridge between Africa and China.

According to the banking giants, its office in China will operate under a wholly foreign-owned enterprise licence.

The licensing regime permits the financial institution to provide general advisory services to clients based in China for concluding transactions across the African continent, as a non-banking subsidiary of Absa Group Limited.

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Absa opens non-banking subsidiary in China

Absa Group says it has launched a non-banking subsidiary in the People’s Republic of China, a move that fortifies the vital economic bridge between Africa and China.

BFA campaigns reach boiling point

Olympics team still waiting for title deeds

GU women all but in DTCB finals

Ramoreboli U-turns on Sekhukhune

VTM’s stay comes to an abrupt end

Koata continues COSAFA organising role

Dipeba calls for CAA, BAA to stand up

Relay team Olympic qualification in doubt

Women in Politics caucus NGO, a welcome development