Bank of China plays important role in strengthening Sino-African relations

State-owned financial institution empowering mutual cooperation and funding trade deals with friendly nations

By Yuan Shenggao | China Daily | Updated: 2024-09-05 09:10

Since the establishment of BOC branch in Lusaka, Zambia, in 1997, BOC has continued to expand its presence in Africa and established branches or offices in eight African countries. CHINA DAILY

The 2024 Summit of the Forum on China-Africa Cooperation, taking place from Wednesday to Friday in Beijing, has drawn global attention to the growing friendship and cooperation between China and Africa. As the first domestic commercial bank to enter the African market, Bank of China is a witness, participant, promoter and beneficiary of that cooperation.

Currently, BOC has established branches or offices in eight African countries. Leveraging its advantages in globalization and competitiveness, the bank has pledged to support the upgrading of China-Africa economic and trade cooperation and empower high-quality development of China-Africa cooperation in the new era.

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