A newly opened Bank of China branch could help promote economic and trade ties between Angola and Mainland China, the government owned Xinhua news agency reports.
Bank of China President Chen Siqing made the comments as the bank’s Luanda branch commenced operations yesterday.
The first Mainland bank to open in Angola, the Bank of China branch will serve Chinese companies in Angola and support enterprises seeking opportunities in the world’s second largest economy.
The branch will leverage the bank’s advantages in cross-border business and yuan-denominated banking to provide quality financial services that facilitate China-Angola cooperation, Mr Chen said.