Zhong Guo Xin Wen Wang·2025-05-28 08:14Group 1 - The "China-South Africa Bond Market Connectivity and Cooperation Seminar" was held in Johannesburg, focusing on macroeconomic discussions, bond market openness, and cross-border use of the Renminbi [1][3] - The People's Bank of China highlighted that financial cooperation between China and Africa is crucial for implementing the "Ten Partnership Actions" from the 2024 China-Africa Cooperation Forum [1] - The use of Renminbi in China-South Africa trade has increased significantly, with cross-border transactions reaching 41.4 billion yuan in 2024, a 53% year-on-year increase [1] Group 2 - The Bank of China Johannesburg branch is celebrating its 25th anniversary and has established a Renminbi clearing service network covering 15 African countries and 39 financial institutions by the end of 2024 [3] - South Africa's sovereign bond market is noted as one of the most mature and liquid markets in Africa, with a bond repurchase market trading volume of 1.8 trillion USD [3] - Chinese bond products are attractive due to their liquidity, low correlation, high expected returns, low inflation, and low risk, appealing to global institutional investors [3]