BOC marks 10 years in South Africa

By Zhuan Ti (China Daily)
Updated: 2010-08-09 13:16
Large Medium Small

Bank of China (BOC) - the most internationalized bank in China - has long been committed to promoting foreign trade and international economic cooperation.

Africa is an important strategic partner of China, and has received special attention from BOC.

BOC sets the standard for all Chinese banks associated with foreign economic aid or bilateral trade and investment with Africa.

The bank has yielded remarkable results by fully leveraging its business strengths to provide quality services and achieve mutually beneficial cooperation.

Founded in 1912, China's oldest bank is celebrating 10 years in South Africa.

BOC's Johannesburg branch has gained a reputation for service and financial assistance relating to trade and investment between China and South Africa as well as the African continent as a whole.

Its global network has also helped build business links between South Africa and the world.

Financial solutions

In South Africa, BOC offers tailor-made financial solutions to clients.

Its skilled professionals can assist customers with a full range of corporate and commercial banking solutions and products.

In addition to its borrowing business tailored to local clients, BOC specializes in trade settlement and trade finance, drawing upon a global network and years of expertise.

With dedicated staff, BOC offers local transactional and international banking services, including a new renminbi international transactional service.

Bank of China also offers a full range of foreign exchange facilities for clients requiring letters of credit, forward exchange contracts or SWAP transactions.

Help in 'going abroad'

As more and more Chinese businesses are "going abroad", BOC's branches in Africa provide quality and efficient financial services for enterprises and projects associated with Sino-African trade and economic cooperation.

BOC's Johannesburg branch focuses on Sino-African cooperation in the fields of trade, energy, mining, real estate development and telecommunications.

Since the inception of the Forum on China-Africa Cooperation in 2000, Sino-African trade and economic cooperation has entered a new stage of development, which implies more service opportunities for BOC.

BOC believes that through strengthening trade, economic cooperation and financial services, China and Africa will achieve significant results in the new strategic partnership that features equality and mutual trust in politics, win-win cooperation in economy and fruitful exchanges in culture.