China's State Council approved the People's Bank of China and the South Africa Reserve Bank has renewed a five‑year bilateral local‑currency swap line of CNY30bln/ZAR74bln, intended to deepen monetary‑financial cooperation, facilitate bilateral trade

2026-10-30

China's State Council approved the People's Bank of China and the South Africa Reserve Bank has renewed a five‑year bilateral local‑currency swap line of CNY30bln/ZAR74bln, intended to deepen monetary‑financial cooperation, facilitate bilateral trade and investment, and support financial market stability.