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Stanbic Bank: /gh/business/products-and-services/africa-china-banking/faqs

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  1. Stanbic Bank

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    Private banking institution located in Johannesburg.

    • What is Africa-China Trade Solutions (ACTS)?

      “ACTS are tailor-made offerings to solve for import, export and travel between Ghana and China.”

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    • Why ACTS?

      “In line with our key purpose of driving Africa’s growth, we seek to use our partnership with ICBC, China's biggest bank, to solve observed trade problems with China. This can give our clients a competitive edge over other players in their respective sectors.”

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    • How does ACTS work?

      “We connect importers to Chinese suppliers, leveraging our strategic partnership with ICBC We cut through the complexities of trading with China with recommended supply chain partners”

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    • What are the benefits of ACTS?

      “Clients don’t have to travel to China to do business Clients are not required to pay cash upfront Import processes can be underwritten by letters of credit supported by Stanbic Bank We connect our clients to reputable suppliers and buyers”

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    • Who is the Import Partner in China and what do they do?

      “ZheJiang International Trading Supply Chain – also known as Guomao. Scope of Services Sourcing products from verified suppliers Negotiating price and payment terms Validating suppliers Quality check & assurance Handling shipping logistics and delivery to destination ❑ Clearing documents After-sale support”

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