China and Australia: Collaboration in Financial Services
23 November 2011
InterContinental Melbourne The Rialto 495 Collins Street, Melbourne
Mr Han Ruixian, the Head in Australia of the Industrial and Commercial Bank of China (ICBC) will speak on ‘China and Australia: Collaboration in Financial Services.’
ICBC has offices in Sydney and Perth and is intending to open a Melbourne branch.
In under 3 years, ICBC Sydney Branch has participated in financing more than AUD 14.16 billion of transactions in Australia and is the major financier of Chinese investment in Australia.
ICBC’s key priorities are its global expansion, with Australia being a key focus, and to support ICBC’s domestic clients going global. As Chinese banks are usually intermediaries with major Chinese clients, the presentation on its strategy for Australia – not just in financial services but in support of China outbound capital flows should be very interesting. In the last 3 years, ICBC has provided AUD 15 Billion of financing in Australia.
ICBC is the World’s Largest Bank by market capitalisation (exceeding AUD 200 Billion), has more than RMB 13.46 trillion (US$2.04 trillion) of assets, 4.2 million corporate banking customers and 259 million personal banking customers through a distribution network consisting of 16,227 domestic branches and 203 branches and subsidiaries globally.