Financial companies strengthen business relations

Financial institutions from China and South Africa have pledged to strengthen Sino-African ties along with opportunities to promote investment and trade, and drive sustainable and inclusive economic growth.

Industrial and Commercial Bank of China, the world's largest bank by assets, and South Africa's Standard Bank, the continent's largest bank, marked their 10 years of strategic partnership on Monday, just two days before the BRICS summit in Johannesburg.

The past decade has witnessed a formidable partnership between Standard Bank and ICBC, Yi Huiman, chairman of ICBC, said at a news briefing on Monday.