The People's Bank of China (PBOC) has decided to authorize Standard Bank Limited of South Africa and Industrial and Commercial Bank of China Limited (ICBC) as joint clearing banks for RMB in Africa in order to facilitate trade and investment between

2026-06-26

The People's Bank of China (PBOC) has decided to authorize Standard Bank Limited of South Africa and Industrial and Commercial Bank of China Limited (ICBC) as joint clearing banks for RMB in Africa in order to facilitate trade and investment between China and Africa.