Domestic Development of Commonwealth Bank of Australia

1994 In early 1994, with the support of the Australian government, the Commonwealth Bank of Australia formulated an Asian development plan focusing on China, which has long been committed to promoting the development of China-Australia trade.

In 2000, Bao Zhong Kanglian Life Insurance Co., Ltd. established a joint venture company with China Life Insurance with 49% shares, and set up a direct investment fund-Kanglian Mahong Investment Management Company in Beijing.

In 2004, he became a shareholder of 1 1% Jinan Commercial Bank.

On April 2nd, 2005, Commonwealth Bank of Australia officially signed a contract with Hangzhou Commercial Bank, contributing 625 million yuan to become a shareholder of 19.9%. On April 25th, 2005, Commonwealth Bank of Australia (hereinafter referred to as CBA) officially announced in Shanghai that it would buy all its shares for RMB 654.38+0.28 million to establish Aussie Investment Consulting (Shanghai) Co., Ltd. ..

This enterprise ranked 3rd18th in the Fortune 500 in 2008.