The People's Bank of China has authorized Standard Bank of South Africa Limited and Industrial and Commercial Bank of China Limited to act as Africa RMB regional clearing banks to facilitate trade and investment between China and Africa.
Central Bank of the Republic of China2026-06-26
People's Bank of China authorizes Standard Bank of South Africa and ICBC as Africa RMB regional clearing banks
The People's Bank of China has appointed Standard Bank of South Africa Limited and Industrial and Commercial Bank of China Limited as Africa RMB regional clearing banks to support China-Africa trade and investment.