Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with the official launch event in Beijing, scheduled for 8 May 2024. At a ceremony in Johannesburg, South Africa today, attended by Enoch Godongwana, the Minister of Finance of South Africa, and Chen Xiaodong, the Chinese Ambassador to South Africa – Absa Group showcased the continued growth of its international footprint alongside its commitment to fostering new opportunities between Africa and China. The new office will enable Absa Group to offer…
Sino-African trade: Absa Group opens office in China

Left-Right: Cheryl Buss, CE, Absa International; Li Zhigang, Minister-Envoy, Consulate General of the People’s Republic of China; Enoch Godongwana, Minister of Finance, South Africa; Sello Moloko, Chairman, Absa Group; Chen Xiaodong, Ambassador of the People’s Republic of China to the Republic of South Africa; Arrie Rautenbach, CEO, Absa Group; Liu Yu, Minister-Counsellor, Consulate General of the People’s Republic of China; Charles Russon, CE, Absa Corporate and Investment Banking and Klaus-Dieter Kaempfer, Head: Commercial Property Finance.



