China Construction Bank Corporation is one of the China’s biggest four banks and is one among the top 40 banks in the world. The bank opened its first branch in Sydney in November 2007. In August 2010, it received its license from the Australian Prudential and Regulation Authority to operate as a foreign authorised deposit institution to carry out banking business here. The bank later on went to open another branch in Melbourne in 2012.
CCB aims to facilitate international trade between Australia and China. CCB Australia offers wholesale banking business, treasury finance and personal banking to their customers in Australia. The wholesale banking business segment includes credit business, institutional business services, fund settlement and custody and corporate e-banking. The personal banking segment includes loans, debit and credit card services, foreign exchange, gold business, deposits and wealth management. The treasure finance segment includes debt securities, market transactions and currency trading. It also offers equity investments and profit subsidiaries through their branches in Australia.
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