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WINDHOEK Adidas Tubular Radial Australia , Aug. 2 (Xinhua) -- Standard Bank Namibia, one of the southern African country's oldest banking institutions, says its relationship with Chinese companies and business people has grown from strength to strength.

The relationship started in earnest in Feb. 2015 when the Industrial and Commercial Bank of China Limited (ICBC) acquired shares in Standard Bank's London-based Global Markets business.

The acquisition allowed both ICBC and Standard Bank to create a platform to serve the growing demands of Chinese clients for global commodities, fixed income Adidas Tubular X Primeknit Australia , currency and equities products while continuing as a distribution platform for African risk.

This union also allows for the Chinese community to transact in renminbi, which has vast benefits such as realising significant savings when U.S. dollar conversion costs and liquidity constraints are removed; promotes price transparency and reduces the cost of international trade; to name a few.

The renminbi cash exchange solution at Standard Bank Namibia's Windhoek branch was officially launched on Jan. 21, 2016.

Following its inclusion in the International Monetary Fund's Special Drawing Right basket of currencies, China's renminbi currency has became widely accepted for global trade.

Standard Bank Namibia's chief executive officer Vetumbuavi Mungunda said in a statement Wednesday that he was proud that Standard Bank is at the centre of Chinese business Adidas NMD Yeezy Boost 350 Australia , investments and projects in Namibia.

According to Mungunda, this was because Standard Bank Namibia understands and responds to the needs and requirements of Chinese people in the country.

Mungunda wishes that the great symbiotic relationship should grow not only in Namibia but across the continent as a whole for a long time to come.

The Chinese business community in Namibia, he added, has contributed vastly to the socio-economic development of the country Adidas NMD Human Race Australia , making them a worthwhile ally.

"Cognizant of this fact, Standard Bank has worked closely with various Chinese captains of industry, and recently held a gala dinner in their honour, drawing them closer into the fold Adidas NMD Chukka Australia ," Mungunda said.

China marks PLA's 90th anniversary with grand rally

Aerial view of Hohhot in China's Inner Mongolia

Tourists walk on glass bridge across Yellow River in Ningxia

People take measures to beat summer heat across China

Military parade held to mark PLA 90th birthday (Part I)

SWAT team members take part in drill

Acrobatic show staged in China's Xinjiang

Martial arts competition held in China's Henan

HAVANA, April 15 (Xinhua) -- Cuban baseball players Alexei Bell, Ismel Jimenez, Yordan Manduley and Yulieski Gourriel signed here Wednesday their contracts to play in the next season for the Quebec Capitales team of the Canadian independent Can-Am League.

They must join to the Quebec Capitales on May 7 to begin their preparation for the regular stage Adidas NMD City Sock 2 PK Australia , which will run from 21 of the same month until September 15.

This will be the first experience in the Canadian baseball circuit for Bell, Jimenez and Manduley, while Gourriel is to participate for the second time after playing for the same club in the 2014 season.

Patrick Scalabrini, director of the Canadian team Adidas NMD City Sock Australia , remarked they were looking for "great players", but also "good people ", besides of being based in some technical criteria.

"I spend a lot of time studying the Cuban players and follow the National Series. You may say I'm a fan of your baseball. I talked to several coaches; Lourdes Gurriel helped me a lot. I am very pleased with the selection," Scalabrini said during the ceremony for signing the contracts.

On his part Adidas NMD High Top Australia , Higinio Velez, president of the Cuban Baseball Federation, stressed that the Canadian competition, scheduled between May 21 and September 15 Adidas NMD Racer Australia , will not prevent the convening of any of the players for the Cuban baseball selection to participate in the tournament of the Pan American Games Toronto on July 11-19.

"They are available to the national team if called by the technicians. The contract is clear and the parties had no objection to agree it," Velez cleared out to reporters.

The hiring of Cuban athletes in foreign leagues is included in the reforms promoted since 2008 by President Raul Castro, searching to elevate the quality of the local players and prevent the defections, which damaged considerably the high performance sports in the Caribbean country for the last two decades.

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