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CDB Opens Representative Office in Sydney

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Time:2018-11-12  Source:CDB

On November 12, 2018, CDB opened its 10th overseas representative office in Sydney, Australia. The plague of the new representative office was jointly unveiled by Zheng Zhijie, President of CDB, Cheng Jingye, China’s Ambassadors to Australia, Guy Debelle, Deputy Governor of Reserve Bank of Australia, and Grant King, President of Business Council of Australia (BCA).

As noted by Zheng Zhijie in his speech, the Sydney representative office symbolizes CDB's confidence in a deepened collaborative relationship between China and Australia and will enable CDB to provide greater support and more efficient services for China-Australia economic collaboration. Looking ahead, CDB will seize the opportunity offered by the establishment of the Sydney representative office to enhance its collaboration with Chinese and Australian financial institutions and enterprises and to provide comprehensive services for the economic and financial collaboration between China and Australia, with a view to developing the representative office into a platform that demonstrates and promotes exchange and all-round collaboration between the two countries, as well as a role model in offering high-quality financial services.

It is reported that CDB has long been focused on supporting win-win collaboration between China and Australia by financing, pooling talent, and optimizing mechanisms. Under the auspices of the Chinese and Australian governments, CDB and BCA have jointly organized six China-Australia CEO Roundtable Meetings to provide leaders of both sides with suggestions on facilitating China-Australia economic and trade collaboration, playing a key role in promoting consensus between the two countries. As of the end of September 2018, CDB had supported more than 30 local major projects in areas such as energy minerals, infrastructures, green energy, and financial collaboration and had granted a total of 35.3 billion USD in loans to Australia, making vigorous efforts to promote the economic and social development of both countries and their collaboration.

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