Editor's Note】 【
When the yellow skin and black skin, shake hands, a blueprint of hope to start in front of people.
This time, two hands are Chinese Vice President Xi Jinping and South African President Jacob Zuma.
Pm local time on November 17, Xi Jinping is visiting South Africa met in Cape Town South African President Jacob Zuma. The same day, China and South Africa also signed four cooperation documents between the Government, the energy cooperation, financial regulation, trade and statistical analysis and other fields.
As South Africa's largest trading partner of China in the southern tip of Africa country are highlighting the increasingly important role.
Shake hands with yellow skin and black skin increasingly frequent. Shake hands with frequent high-level visits frequently represented. 3 months ago in the August, the president Jacob Zuma has just visited China.
Frequent high-level visits between South Africa shows warming. Zuma and President Hu Jintao in August signed the "Beijing Declaration", which is a landmark declaration, the South relations to "comprehensive strategic partnership," the new height. Xi Jinping said that his current visit to the South's main task is "to promote the full implementation of the" consensus of the two heads of state, to further promote bilateral cooperation in various fields.
"Comprehensive strategic partnership" the implication is that the ladder to climb higher.
We launched "into the South African mind," a series of reports, trying to reflect the yellow of the Chinese people in South Africa grew by nearly the development process. (Yan-Xia Li)
"In recent years, both in scale and effect, we have an annual growth rate of more than 100%." Branch of the Bank of China president Li Aihua told the Johannesburg newspaper.
100%, the data tell people why there are so many foreign banks to open up one after another, or plan to enter into Africa.
Because the future of Africa will become the world's new economic growth point, it has become a basic understanding of financial circle. The commitment to the development of hematopoietic function of the real economy of the African financial markets are far from mature, in addition to Mauritius, South Africa and one of the few offshore financial center, the size of Africa's financial system continued to hold the Moxi on a global scale, a huge room for growth strongly attracted the world's powers are the banking sector.
The latest news is that Japan's Mitsubishi UFJ Financial Group is considering to spend four billion pounds acquisition of Royal Bank of Scotland part of the assets, including its infrastructure projects in Africa, loans and other assets.
This year in August, Brazil's oldest bank and Brad Scott said the Brazilian National Bank and active in Africa, Lusophone Portuguese region's second-largest bank St sperm bank (Banco Espirito Santo) to the common effort of African business. July, Portugal, San sperm bank just decided to use the $ 35,000,000 acquisition of Bank of Mozambique, a quarter of the shares Moza. The beginning of the first set up a branch in South Africa, Bank of China and Chinese banks locations in 30 countries across Africa, Ecobank signed an agreement to expand its operations in Africa.
Africa is a potential source of profit is no longer news, the focus of discussion now is, who can get the most profit?
Europe and the U.S. leader in deep foundation
African leader in the financial markets can be roughly divided into two categories, one of Africa leading the local industry, which is based in South Africa on behalf of Standard Bank Group, the group has branches in 17 countries in Africa. Standard Chartered Bank in 1987 after the withdrawal of South Africa, Standard Bank through its own growth and acquisitions to become Africa's largest bank today.
The other is in the colonial period has laid a solid foundation in the African American and European banks, for example, the British Barclays Bank. South Africa's second largest bank holding Union Bank (ABSA) is nearly 60% of the shares of the Barclays business in Africa, active in 12 countries, according to 2007 data, Barclays 13% of the profits from Africa.
The bankers in France and Portugal in the West African French-speaking and the use of Portuguese in Angola and Mozambique enjoy their markets. Portugal, Saint fine banks, investment banks (BPI) and the Millennium Commercial Bank (BCP) is currently in Angola has a total of more than 170 branches, and last year 4.4 billion dollars to create high profits.
"If you want to list the best understanding of the African market, the most experienced bank, I would say Barclays, HSBC, Standard Chartered and Standard Bank of South Africa." Institutions in South Africa Frontier Advisory CEO Martin Davis (Martyn Davies) said.
Aihua that in addition to the traditional advantages in Africa, compared to China's banking sector, European and American counterparts in the long-term strategy development, talent and product innovation have a strong competitive advantage.
China's advantages and opportunities for latecomers
While the African financial markets, the China Banking can only be considered a late person, but their momentum has been established for the operation of many African eyebrows ─ ─ greatest players from China are almost all very mysterious to the Chinese into Export Bank.
The Bank does not publish their own national policies specific operation, so no one can say exactly what the Chinese Export-Import Bank more generous in Africa, but China EXIM (Export-Import Bank of China) is undoubtedly an interview with this newspaper in Africa When a word heard most frequently.
This year alone, China Exim Bank in Africa, including Ghana reverberates to 104 billion U.S. dollars, Zambia power projects over 300 million U.S. dollars, 21.4 million U.S. dollars to Mozambique and other government loan program to help improve the country's communications infrastructure Mo.
"As of the end of 2009, Export-Import Bank of up to 116 billion U.S. dollars of assets is huge, and its assets in Africa, about one-third of all assets." To the newspaper that a South African economist. Research in Washington, Deborah Brautigam African experts in the field is estimated that China's lending in Africa, the amount reached 200 billion U.S. dollars.