South Africa’s Absa eyes China as part of Asia expansion
The lender is seeking to create a diverse portfolio across businesses and countries
Tag: Chinese banks
China grants Deutsche, BNP Type A banking licence
The Type A licence will allow the two foreign banks to become a lead underwriter for corporate debt
South Africa’s Standard Bank pivots away from Argentina
The sale of stake in a Chinese unit’s Argentina operations stems from renewed focus on Africa
China’s prime banks to establish wealth management subsidiaries
ICBC and ABC will establish their subsidiary with a capital of 16bn yuan and 12bn yuan respectively