Absa opens non-banking subsidiary in China
Monday, May 13, 2024 | 670 Views |

Absa Bank enters Chinese Market
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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