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

By Li Dexin, Zhao Xu, Wang Pu, Li Sibo and Tian Yingyidu

BEIJING, May 9 (Xinhua) -- South Africa's Absa Group, one of Africa's largest diversified financial service providers, launched its subsidiary in Beijing on Wednesday, marking its first move to tap 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.

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