Brief introduction of Commonwealth Bank of Australia

For 50 years, it has been acting as the central bank of Australia. 199 1 year, Commonwealth Bank of Australia was listed on the Australian Stock Exchange and became a listed company. Subsequently, the bank was privatized in three steps, which was completed in 1997. Commonwealth Bank of Australia has developed into an enterprise with 800,000 shareholders and 52,000 employees. Commonwealth Bank of Australia is Australia's largest financial service provider, providing a full range of financial services including banking, securities, insurance and funds, covering 13 countries and regions. At the end of fiscal year 20 1 1 (as of June 30, 2000/1), the total assets reached A $667.9 billion (about RMB 4.62 trillion), and the after-tax net profit (cash system) was A $6.835 billion (about RMB 47.3 billion), compared with the same period of last year. The Commonwealth Bank of Australia is the largest bank in Australia and the ninth largest bank in the world by market value. Commonwealth Bank of Australia is famous for its steady operation and enjoys a good reputation all over the world. It is one of the eight banks with long-term credit rating above AA in the world. It was rated as the best retail bank in Asia in 20 10 and 20 1 1 year by Asian Banker magazine. Commonwealth Bank of Australia is an all-round comprehensive bank involving enterprises, companies, insurance, wealth management and other businesses. Its customers are all over the world and actively expand to the Asia-Pacific region. It has set up branches in China, Hongkong, Shanghai and Beijing. In addition, Commonwealth Bank of Australia has set up 10 village banks in Henan Province and Hebei Province.

Since 1994 entered China, Commonwealth Bank of Australia has established close ties with China financial circles and carried out business cooperation in various fields. Commonwealth Bank of Australia not only owns Shanghai Branch and Beijing Representative Office, but also actively participates in the reform of commercial banks in China, and has successfully participated in Qilu Bank (accounting for 20%) and Hangzhou Bank (accounting for 65,438+09.9%). In 2006, Commonwealth Bank of Australia and Cinda Asset Management Co., Ltd. jointly established Cinda Aussie Fund Management Co., Ltd. (accounting for 46% of the shares), and then jointly established Bank of Communications Kanglian Life Insurance Co., Ltd. with Bank of Communications on 20 10 (accounting for 37.5% of the shares). Initiating the establishment of village banks is one of the most important development strategies of Commonwealth Bank of Australia in China, and it is committed to long-term investment and development in this rural financial field.

Commonwealth Bank of Australia: The interest rate cut cycle of Reserve Bank of Australia has ended.

The Reserve Bank of Australia (RBA) announced its first interest rate resolution statement this year on Tuesday (February 5), announcing that it would keep the interest rate unchanged at a record low of 3.00%, in line with market expectations. The Reserve Bank of Australia cut interest rates by 65,438+0.25 percentage points in 2065,438+02. Michael Blythe, chief economist of the Commonwealth Bank of Australia (CBA), said that the current easing cycle of the RBA has ended because the RBA resolution statement ruled out any negative impact brought by economic data. The Economist believes that although the Reserve Bank of Australia has not fully fulfilled its mission, its repeated easing measures are enough, and the effect of previous interest rate cuts will be observed from future economic data. The bank expects the low point of the RBA interest rate level to be 3.00%.