The 19th general meeting of shareholders of African Export-Import Bank is being held on July 14 in Beijing. Several finance agreements have been signed between Chinese corporations and the bank.

During the meeting, a supplemental agreement to the $100 million credit line between China Export-Import Bank and Afreximbank was agreed. Two other Chinese corporations specializing in telecom facilities also signed the strategic agreements for Afreximbank finance.

Ding Wenguo, vice president of Huawei Technologies Co., Ltd, said, "This agreement provides more financing tools for us to invest in Africa. We have already done businesses successfully in Africa, and this could help strengthen cooperation in more areas."

To add to that, this is the first general meeting held by shareholders outside the African continent. It's allowing African delegates to learn from China's development experience, and explore possibilities for deeper cooperation.

Delegates from Africa have high expectations for the Beijing event, and they welcome more Chinese investment in Africa.

African trade with China increased to 18 percent last year, up 8 percent from the total trade volume before global financial crisis, and they are seeking more investment opportunities ahead.

(CNTV.cn July 14, 2012)