Absa opens non-banking subsidiary in China

Absa Bank enters Chinese Market
Absa Bank enters Chinese Market

Absa Group says it has launched a non-banking subsidiary in the People’s Republic of China, a move that fortifies the vital economic bridge between Africa and China.

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.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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