www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Standard Bank pushes Chinese link with African countries

By CAI XIAO | China Daily | Updated: 2016-11-02 08:24

Standard Bank pushes Chinese link with African countries

Francois Gamet, CEO of Standard Bank China [Photo provided to China Daily]

Standard Bank, Africa's largest lender, aims to become a bridge between China and Africa and its committed loans to Chinese companies together with local partner are set to hit the $2-billion mark this year.

To better serve both the Chinese and African markets, it has formed a strategic partnership with Industrial and Commercial Bank of China, one of its major shareholders, said Francois Gamet, CEO of Standard Bank China.

Gamet said that the partnership means the bank can "operate on both sides of any trade", noting that "with ICBC, we have committed and syndicated loans to Chinese companies for a total project size of $3.8 billion in Africa this year, as well as another $5 billion in the short to medium term."

Gamet said that the huge scale of bilateral trade between China and Africa, as well as the continent's open business environment, offers Chinese firms a great many opportunities.

In the meantime, "China is also the most consequential market for Africa and has the biggest impact," said Gamet.

"Work on the yuan's internationalization and helping Chinese companies transform from engineering, procurement and construction contractors to investors or both investors and contractors will be our opportunities."

Gamet said Standard Bank's yuan settlement business had increased 180 percent year-on-year in the first eight months of this year. Standard Bank is encouraging African importers to pay in renminbi and Chinese exporters to receive renminbi.

Standard Bank also has helped China General Nuclear Power Corp acquire the Husab Uranium Mine in Namibia for around $2.5 billion, which is expected to reach an output of around metric 6,500 tons next year.

According to the 47-year-old CEO, besides State-owned enterprises, China's private enterprises are also becoming more positive about Africa, and Standard Bank will help Chinese entrepreneurs seek investment opportunities in areas such as retail.

Fan Bing, Asia head of coverage at Standard Bank, said the lender serves 150 major Chinese clients, including China Railway Group Ltd, Sinohydro Group Ltd and China Investment Corp.

Fan said the bank set up different teams to provide consulting and financing services in relation to the development of projects for their clients in Africa.

Jay Ireland, CEO of General Electric Africa, said earlier that one-third of Chinese engineering, procurement and construction companies' equipment orders with GE this year are destined for projects in Africa.

Alan Wang, a Freshfields partner based in Beijing and Shanghai, said that the main challenges facing Chinese investors in Africa include a lack of understanding of local laws, particularly related to labor, environment and taxes; inadequate infrastructure, particularly power supply, transport and logistics; and a lack of political stability, as well as bureaucracy and corruption.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美高清视频手机在在线 | 手机在线黄色 | 亚洲欧美日本韩国综合在线观看 | 国产精品99久久久 | 国产性精品| 欧美13一14周岁a在线播放 | 在线免费观看一级毛片 | 俄罗斯极品美女毛片免费播放 | 92手机看片福利永久国产 | 欧美成人午夜影院 | 欧美激情特级黄aa毛片 | 国产日韩精品一区二区三区 | 中文字幕在线播放 | 国产做a爰片久久毛片 | 美女黄色网页 | 亚洲经典在线 | 99久久99久久久99精品齐 | 亚洲大片 | 欧美黄视频在线观看 | 久久国产乱子伦精品免费不卡 | 中文字幕亚洲不卡在线亚瑟 | 国内自拍视频一区二区三区 | 好吊色37pao在线观看 | 国产高清美女一级毛片久久 | 波多野结衣aⅴ在线 | 天天干夜夜怕 | 国内精品一区二区2021在线 | 91久久99久91天天拍拍 | 国产亚洲精品看片在线观看 | 日韩高清成人毛片不卡 | 国产在线精品一区二区高清不卡 | xxxxfreexxxx人妖 | 欧美aaa大片 | 在线满18网站观看视频 | 91无套极品外围在线播放 | 全免费毛片在线播放 | 在线观看视频国产 | 成人免费观看视频久爱网 | 国产亚洲一区二区手机在线观看 | 日本一区二区三区国产 | 成人免费视频社区 |