When the yellow skin and black skin, shake hands, a blueprint of hope to start in front of people.

As South Africa’s largest trading partner of China in the southern tip of Africa country are highlighting the increasingly important role.

Shake hands with yellow skin and black skin increasingly frequent. Shake hands with frequent high-level visits frequently represented. 3 months ago in the August, the president Jacob Zuma has just visited China.

Frequent high-level visits between South Africa shows warming. Zuma and President Hu Jintao in August signed the “Beijing Declaration”, which is a landmark declaration, the South relations to “comprehensive strategic partnership,” the new height.

“Comprehensive strategic partnership” the implication is that the ladder to climb higher.

In recent years, both in scale and effect, we have an annual growth rate of more than 100%.

100%, the data tell people why there are so many foreign banks to open up one after another, or plan to enter into Africa.

Because the future of Africa will become the world’s new economic growth point, it has become a basic understanding of financial circle. The commitment to the development of hematopoietic function of the real economy of the African financial markets are far from mature, in addition to Mauritius, South Africa and one of the few offshore financial center, the size of Africa’s financial system continued to hold the Moxi on a global scale, a huge room for growth strongly attracted the world’s powers are the banking sector.

The latest news is that Japan’s Mitsubishi UFJ Financial Group is considering to spend four billion pounds acquisition of Royal Bank of Scotland part of the assets, including its infrastructure in Africa project loans and other assets.

This year in August, Brazil’s oldest bank and Brad Scott said the Brazilian National Bank and active in Africa, Lusophone Portuguese region’s second-largest bank St sperm bank (Banco Espirito Santo) to the common effort of African business. July, Portugal, San sperm bank just decided to use the $ 35,000,000 acquisition of Bank of Mozambique, a quarter of the shares Moza. The beginning of the first set up a branch in South Africa in the banks and the Bank of China locations in 30 countries across Africa, Ecobank signed an agreement to expand its operations in Africa.

Africa is a potential source of profit is no longer news, the focus of discussion now is, who can get the most profit?

Europe and the U.S. leader in deep foundation

African leader in the financial markets can be roughly divided into two categories, one of Africa leading the local industry, which is based in South Africa on behalf of Standard Bank Group, the group has branches in 17 countries in Africa. Standard Chartered Bank in 1987 after the withdrawal of South Africa, Standard Bank through its own growth and acquisitions to become Africa’s largest bank today.

The other is in the colonial period has laid a solid foundation in the African American and European banks, for example, the British Barclays Bank. South Africa’s second largest bank holding Union Bank (ABSA) is nearly 60% of the shares of the Barclays business in Africa, active in 12 countries, according to 2007 data, Barclays 13% of the profits from Africa.

The bankers in France and Portugal in the West African French-speaking and the use of Portuguese in Angola and Mozambique enjoy their markets. Portugal, Saint fine banks, investment banks and the Millennium Commercial Bank is currently in Angola has a total of more than 170 branches, and last year 4.4 billion dollars to create high profits.

“If you want to list the best understanding of the African market, the most experienced bank, I would say Barclays, HSBC, Standard Chartered and Standard Bank of South Africa.” Institutions in South Africa Frontier Advisory CEO Martin Davis said.

In addition to the traditional advantages in Africa, compared to China’s banking sector, European and American counterparts in the long-term strategy development, talent and product innovation have a strong competitive advantage.

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