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China approves Standard Bank, ICBC as joint RMB clearing bank for Africa
China's central bank said on Friday that it has authorized Standard Bank, Africa's largest lender, and the Industrial and Commercial Bank of China to jointly serve as the RMB clearing bank for Africa.
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africa.businessinsider.com
Africa’s largest lender wins China approval to clear yuan payments across 19 countries in major trade shift
China has authorised Africa’s largest lender, Standard Bank, to jointly clear yuan payments across 19 African countries, giving businesses direct access to China’s financial…
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Africa’s largest lender wins China approval to clear yuan payments across 19 African countries in major trade shift
