Under the guidance of China’s fundamental policy of further opening up, more and more Chinese-funded financial institutions have gone abroad, implemented international strategies, and actively participated in international economic cooperation and competition. While conducting business, they actively fulfilled their social responsibilities and deeply integrated into the local society, demonstrating the good corporate image of Chinese financial institutions with responsibility and compassion. As a member of China Chamber of Commerce in Australia (CCCA),  China Everbright Bank Sydney Branch opened on February 25, 2019. Since then, guided by the idea of “the world’s first-class enterprise must fulfill its social responsibility” from China Everbright Group Chairman Li Xiaopeng, focusing on Everbright’s “Agile, Technology, Ecology” concept, firmly grasping the important strategic opportunities of China’s “One Belt, One Road” and the “China-Australia Free Trade Agreement”, and providing all-round financial services for China-Australia economic and trade exchanges and cultural exchanges, and various management operations,  a good start has been achieved. While business developing, Everbright Bank Sydney branch actively fulfilled its social responsibilities, deeply integrated into the local community, and successively supported and participated in a number of influential large-scale charity event. On December 12, the Sydney Branch cooperated with the UNICEF Australian Committee to successfully host... View Article

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On December 3, CCCA Financial Industry Committee successfully held the “2019 CCCA Financial Institution Event” in Sydney. This forum is exclusively sponsored by the Bank of China, and aims to actively promote investment and financial cooperation between China and Australia, strengthen communication, promote mutual trust, and explore opportunities and challenges in the field of industrial investment and financial cooperation, thereby further strengthening the China-Australia consensus and promoting bilateral cooperation. Mr. Huang Rengang, the Minister Counsellor for Economic and Commercial Affairs of the Chinese Embassy in Australia, Mr Sun Yu, Deputy General Manager of Bank of China, The Hon. Anna Bligh AC, former Premier of Queensland and CEO of the Australian Banking Association, Mr Jin Yangtong, the chairman of the Financial Industry Committee of CCCA and General Manager of China Construction Bank Sydney, delivered speeches. Mr. Bill Evans, chief economist of Westpac Bank, and Prof. Song Ligang, chief economist of Bank of China Sydney Branch, respectively, forecasted the economic prospects and market opportunities of Australia and China in 2020. Counselor Wang Hongbo from the Economic and Commercial Section of the Consulate-General of the People’s Republic of China in Sydney attended the forum. Counsellor Huang Rengang pointed out in his speech that... View Article

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The 3rd China International Import Expo (CIIE) Road Show was successfully held on December 2 in Sydney, Australia. The China Chamber of Commerce in Australia (CCCA) is the co-organizer of the conference. More than a hundred people, including representatives of the Chinese and Australian political and business areas, and representatives of Australian companies and CCCA memebrs, attended the event. Mr Sun Chenghai, deputy director general of the CIIE Bureau, said in his speech that China, as Australia’s largest trading partner, has close cooperation with Australia. Welcome Australian enterprises with advantages, characteristics and competitiveness to enter the Chinese market through CIIE and enjoy the openness of China and the charm of the Chinese market.   Kylie Bell, Executive Director Industry, Trade & Investment at NSW Treasury, said that at the second CIIE, half of the Australian exhibitors came from NSW. The expo provided a very good platform for economic cooperation between China and Australia. In the next 12 months, we will continue to support the recruitment of the third CIIE and bring more high-quality enterprises to the Expo. Mr Gu Xiaojie, Consul General of the People’s Republic of China in Sydney, said that the participation of CIIE from Australian enterprises continued... View Article

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On the afternoon of November 20th, PwC Australia and China Chamber of Commerce in Australia (CCCA) successfully held a ‘transfer pricing developments in the Australian landscape’ Seminar in the PwC Sydney office building. Nearly 50 representatives of Chinese enterprises in Australia participated in the meeting. The seminar was led by Mr. Edwin Baghdasarayan, PwC’s Australian transfer pricing service partner. He deeply analyzed the current transfer pricing policy of Australia to the participants, and professionally explained coping strategies to the Chinese-funded enterprises. The conference is fully seated.   Ms Wang Guannan, Secretary General of CCCA and Chief Representative of CCPIT Australia gave a welcome speech and the seminar officially opened.   Mr. Edwin mainly emphasized the following four points in his speech: The Australian Taxation Office (ATO)  is under great pressure on fiscal revenue. The Taxation Office plans to levy $ 5 billion to $ 7 billion in income taxes on multinational companies within five years. This will be achieved mainly by reviewing multinational company transfer pricing. In addition, ATO has sufficient human resource on corporate tax review, and has invested a lot on staff and funding in auditing multinational companies. Therefore, multinational companies need to pay special attention to transfer... View Article

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On the evening of November 18th, China Chamber of Commerce in Australia (CCCA) hosted the 2019 China-Australia Business Exchange Dinner at the Art Gallery NSW to celebrate the 70th anniversary of the People’s Republic of China by reviewing the bilateral economic and trade cooperation between China and Australia, and exploring the opportunities for future.   In the speech, Mr Chen Zheyu, the president of CCCA, said that in recent years, more and more Chinese companies have come to Australia to expand their business. This stimulates the rapid growth of CCCA. China has made remarkable achievements in the past 70 years. It does not only benefit domestic enterprises and people, but also bring great opportunities to other countries including Australia. China’s development has promoted progress in many areas of Australia, and CCCA proudly become a witness, participant and contributor to the win-win cooperation between Chinese and Australian companies. CCCA will continue the role as a bridge of communication between the governments and enterprises of the two countries and deepen and strengthen the cooperative relationship between the two sides.   Mr Gu Xiaojie, the Chinese Consul General in Sydney, attended the event and delivered a speech, saying that since the founding of... View Article

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