China-Africa Initiative
The rapid and seamless development of trade relationships between China and African countries since the begining of 2000 has led to an increase in trade and investment volumes between these regions.
AFRICA EXPRESS
In this framework, Societe Generale has launched the Africa Express scheme in 2011 to better support its Chinese and African customers thanks to the synergies developped between the Group's teams based in China, Africa and France.
8 China Desks have been created. Dedicated customer advisers accompany Chinese companies in Africa, helping them overcome language barriers and informing them about African markets business conditions. |  |
Through Societe Generale's presence in China on the one hand, and Societe Generale Group's vast network in African countries on the other, companies benefit from a full range of services.
Cash ManagementCash management tools to different corporates’ needs, including the multilingual e-banking tool including Chinese. Working Capital FinancingVarious working capital financing products providing facilities to clients' operating cash flow (overdraft, spot credit, short-term credit, drafts advance payment/discounting, campaign credit, etc.). | Trade FinanceVaried trade finance products (international settlement, documentary collection, letter of credit, SBLC, domestic / international trade finance, international issue and reissuance of project guarantees) and an extensive network of correspondent banks. Foreign ExchangeSpot and forward exchange (classic and American forward), exchange risk management, consultation of exchange regulations, exchange in RMB. | Structured and projects financingA structured and project financing platform located in Abidjan, Ivory Coast, supporting the development of clients' projects in Africa with the tailor-made financing solutions and comprehensive consulting and risk management services. |