Although European sovereign debt crisis makes negative impact on the capital inflow, external debt, export and employment of Africa, Africa suffers less seriously from the crisis than other regions. The development potential of Africa is huge, which is still the important market that attracts Chinese enterprises to make investment. To satisfy the financial service demand of Chinese enterprises in the process of expanding African market, ICBC carries forward the strategic cooperation with Standard Bank continuously and have achieved significant performance in the fields of equity cooperation, project financing, international settlement, cash management, financial market and precious metal. In 2011, African Representative Office openned, which will be the important outpost for ICBC to expand business in Africa. For the further business expansion of Chinese banks in Africa, it is necessary for Chinese government to strengthen Sino-Africa financial cooperation from the national level, properly deal with the trade friction issues between China and Africa to creat a nice business environment, and instruct and encourage Chinese institutions to innovate various approaches to cope with increasingly fierce international competition on African market. <<