South Africa's Absa Group taps into Chinese market with Beijing subsidiary

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South Africa's Absa Group taps into Chinese market with Beijing subsidiary

STORY: South Africa's Absa Group taps into Chinese market with Beijing subsidiary SHOOTING TIME: May 8, 2024 DATELINE: May 10, 2024 LENGTH: 00:00:56 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the launching ceremony 2. SOUNDBITE (English): CHERYL BUSS, CEO, Absa International 3. various of street views in Beijing STORYLINE: South Africa's Absa Group, one of Africa's largest diversified financial service providers, launched a subsidiary in Beijing on Wednesday. This marks the group's first move into the Chinese market. The subsidiary is designed to provide non-banking services, including consulting services for Chinese enterprises investing in Africa and releasing research reports. SOUNDBITE (English): CHERYL BUSS, CEO, Absa International "So, given their inextricable links and the economic ties and the trade and investment between China and Africa, we believe that it's important to be the face of Africa in China and to really connect with Chinese institutions, corporations, banks, develo

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