No 9 Bank of China sings MoU with South Africa's trade ministry on cooperation

Pedestrians walk past a Bank of China sign at its branch in Beijing, March 26, 2013. [Photo/Agencies]

South Africa's Ministry of Trade and Industry signed a Memorandum of Understanding on strategic cooperation with Bank of China in Johannesburg to strengthen the relations between the two entities, Xinhua News Agency reported on March 28.

The MoU will enable both parties to treat each other as a preferred partner and share information on investment opportunities.

It will also enable both parties to optimize their own advantages in initiating mutual investment promotion campaigns and to join hands in supporting enterprises of the two countries for more profound investments, as well as economic and trade cooperation.