International Cooperation & Exchanges

China-Africa Investment and Financing Forum Drew a Successful Conclusion in South Africa


On 4 of December, 2015, the China-Africa Investment and Financing Forum was successfully held in Johannesburg, South Africa. The Forum, themed “Build a Sustainable Africa” was co-hosted by International Cooperation Center of National Development and Reform Commission, Industrial and Commercial Bank of China and Standard Bank of South Africa. Director General of the ICC, Mr. Cao Wenlian, President of the ICBC, Mr. Yi Huiman and CEO of the Standard Bank Mr. Sim Tshabalala delivered speeches.

Dr. Cao gave opening remarks themed “Promoting China-Africa Production Capacity Cooperation and Opening a New Path for Mutual-beneficial and Win-win Relations”. He put forward in his speech that China-Africa will extend from infrastructure to metallurgical and building materials and revolve around equipment manufacturing on the back of financial services with the inclusion of investment and financing and talent as well as technology cooperation. The mode of “Five into One” will start a new phase for China-Africa “Three Networks and Industrialization” and production capacity cooperation. President Yi Huiman indicated that China-Africa trade cooperation is at a new historical moment and financial services will serve as a powerful force for trade cooperation between China and Africa.

Mr. Cao Wenlian, Mr. Yi Huiman, Mr. Sim Tshabalala and Mr. Zhang Hongli witnessed the signing of cooperation projects.

Mr. Sim Tshabalala suggested that the strategic alliance between ICBC and the Standard Bank is a template for China-Africa financial cooperation. In recent years, the two banks have conducted comprehensive fruitful cooperation on infrastructure, metal minerals, clean energy and etc.

More than 100 government officials and business leaders of Department of Trade and Industry, the Department of Economy of Gabon, Industrial Development Corporation of South Africa, Standard Bank of South Africa, Industrial and Commercial Bank of China, China Communications Construction Company Limited, China CAMC Engineering Co., Ltd. CGGC, StarTimes and etc. attended the Forum.

Translated by Zhao Wei

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