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 / Macro

SocGen to ease African trade

By Li Xiang in Paris | China Daily | Updated: 2013-06-13 07:35

SocGen to ease African trade

Staff members welcome guests to a ceremony to mark the 50th anniversary of the Societe Generale de Banque headquarters in Abidjan, Cote d'Ivoire. The French bank has now opened yuan-denominated accounts to facilitate China-Africa trade. [Provided to China Daily]

French bank Societe Generale SA is seeking to expand into Africa to tap the boom of Sino-African trade and the rapidly growing commercial activities of Chinese enterprises in the region.

While foreign banks remain highly regulated in China's domestic financial markets, the French bank is looking to capitalize on the rising demand for Chinese currency in African trade settlements.

Six banks in Africa, including SG-SSB in Ghana, Fina Bank Group in East Africa and Commercial Bank of Africa in Kenya, are currently in discussions with SG China to open yuan-denominated accounts.

So far, SG's Cote d'Ivoire subsidiary has already successfully opened yuan-denominated accounts, according to Harry Liu, head of commercial banking at Societe Generale China.

"As Chinese companies go to Africa, they will need supporting banking services and it will take some time for Chinese banks to build their networks in Africa. Such demands will create opportunities for foreign banks in China, especially for those who have a strong network presence there," he said.

SG has one of the largest networks in Africa among European banks. It operates 870 branches in 15 African countries, according to Liu.

Leveraging on its extensive network in Africa, the French bank has been able to access the growing business activities of Chinese companies that are engaged in various sectors including energy, infrastructure, agriculture, telecommunications and manufacturing.

The bank is now providing financial services - including import and export financing, bond issuances and bank guarantees - to its Chinese clients in Africa, especially in the northwestern part of the continent, Liu said.

He said that SG has especially benefited from the rapid growth of Sino-African trade, and the fact that Africa has started to develop an appetite for yuan-denominated financial products.

Trade between China and Africa reached a record high of $198.5 billion last year, according to the Ministry of Commerce. Trade is expected to hit $325 billion by 2015, providing a strong base for growth in yuan trade settlements and yuan-denominated bonds.

Previous 1 2 Next

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: 免费高清特黄a 大片 | 国产成人免费高清视频 | 欧美日本一道道一区二区三 | 欧美特黄特色aaa大片免费看 | 无毛片 | 欧美三区| 国产va免费精品高清在线观看 | 国产精品国产亚洲精品不卡 | 中文国产成人精品久久无广告 | 亚洲国产成人在线 | 成人公开免费视频 | 黄网站在线播放视频免费观看 | 99热久久国产综合精品久久国产 | 一a一级片 | 中文字幕一区中文亚洲 | 亚洲视频中文 | 青青草色久综合网 | 免费一级毛片正在播放 | 国产日韩欧美在线观看不卡 | 日本乱理伦中文三区 | 欧美日韩精品乱国产 | 美女张开腿让我桶 | 国产中文99视频在线观看 | 亚洲欧美日韩另类精品一区二区三区 | 国产男人天堂 | 高清一区在线 | 国产真真人女人特级毛片 | 欧美a级毛片 | 成人毛片免费观看视频 | 69交性视频| 久久在线资源 | 在线亚洲欧美日韩 | 欧美一区二区精品系列在线观看 | 国产亚洲影院 | 美女色黄网站 | 成人三级在线播放 | 国产精品v欧美精品v日本精 | 99免费在线观看视频 | 中文字幕二区 | 国产精品久久久久久久久久免费 | 特级毛片全部免费播放a一级 |