China's Bank of Communications opens first branch in Africa

SHANGHAI, Nov 21 (Xinhua): The Bank of Communications, one of China's largest commercial banks, has opened a branch in Johannesburg, South Africa, the first branch established by the bank on the African continent, according to its headquarters in Shanghai.

As China and South Africa have deepened cooperation in the finance, trade and tourism sectors, the branch, opening on Friday local time, aims to provide comprehensive, convenient and high-quality financial services for clients of both countries.

The new branch has brought the total number of the bank's overseas banking institutions to 23, which cover 18 countries and regions.