Founded in 1911, Commonwealth Bank of Australia, one of the world's top 500 companies, is Australia's largest financial service provider, providing a full range of financial services including banking, securities, insurance, and funds

The Commonwealth Bank of Australia (ASX: CBA) is a major bank in Australia, one of the four largest banks in Australia, headquartered in Sydney.

For 50 years, he functioned as the Central Bank of Australia. In 1991, the Commonwealth Bank of Australia was listed on the Australian Securities Exchange as a public company, followed by a three-step privatisation of the bank, which was completed in 1997. Commonwealth Bank of Australia has grown into a business with 800,000 shareholders and 52,000 employees. The Commonwealth Bank of Australia is Australia's largest financial services provider, providing a full range of financial services including banking, securities, insurance, funds, etc., with operations in 13 countries and regions. Total assets at the end of the 2011 financial year (ended 30 June 2011) amounted to A$667.9 billion (approximately RMB4.62 trillion) and net profit after tax (on a cash basis) was A$6,835 million (approximately RMB47.3 billion), an increase of 12% over the same period last year. The Commonwealth Bank of Australia is Australia's largest and the world's ninth-largest bank in terms of market capitalisation. Commonwealth Bank of Australia is one of the eight banks in the world with a long-term credit rating of AA or above, and was consecutively named the best retail bank in Asia by The Asian Banker magazine in 2010 and 2011. Commonwealth Bank of Australia is a fully integrated bank involving corporate, corporate, insurance, wealth management and other businesses, with customers all over the world, and is actively expanding to the Asia-Pacific region, with branches in Hong Kong, Shanghai, Beijing and other places. In addition, the Commonwealth Bank of Australia has established 10 village banks in Henan and Hebei provinces.

Since entering China in 1994, the Commonwealth Bank of Australia has established close ties with China's financial community and has carried out business cooperation in many fields. In addition to its Shanghai branch and Beijing representative office, Commonwealth Bank of Australia has also actively participated in the reform of China's commercial banking industry, and has successfully invested in Qilu Bank (20% shareholding) and Bank of Hangzhou (19.9% shareholding). In 2006, the Commonwealth Bank of Australia and Cinda Asset Management Co., Ltd. established Cinda Australia Bank Fund Management Co., Ltd. (46%), and then in 2010, it established a joint venture with Bank of Communications to establish BOCOM Kanglian Life Insurance Co., Ltd. (37.5%). The establishment of village and township banks is one of the most important development strategies of the Commonwealth Bank of Australia in China, and it is committed to long-term investment and long-term development in the field of rural finance.