In 2008, the Australian Prudential Regulation Authority (APRA) approved Industrial and Commercial Bank of China Limited as a foreign authorized deposit-taking institution (ADI) allowing the branch to conduct banking business in Australia, and in September of that year, the Sydney Branch officially opened and commenced business. The successful establishment of the Sydney branch was regarded as a significant breakthrough in the bank’s progress towards internationalization, strengthening its ability to improve its international management standards and to provide a comprehensive range of banking services to the Australian and New Zealand markets which have been identified as one of the most prosperous regions in the Southern hemisphere.
During the past years, ICBC Sydney Branch has made great achievements in business growth as well as network extension. It has established Perth Branch, Melbourne Branch and Brisbane Branch. Sydney Branch provides its clients with an extensive range of banking services, including trade finance, project finance, syndicated loans, corporate loans, deposits, foreign exchange, derivatives, remittances, settlement, clearing, investment banking, private banking as well as other related services.
While strengthening the growth of the business, ICBC Sydney Branch is actively fulfilling its social responsibilities. The branch is developing a strong corporate culture, as embodied in the corporate principles of "Advance and Enhance, Care and Share". By this, the branch has been trying to promote the advancement of management skills, compassion and care for others, achievement of mutually beneficial goals, a spirit of staff professionalism, cooperation and unparalleled service to clients and the community. ICBC Sydney Branch has grown into a strong Australian Chinese bank with international insight as well as a core philosophy.
Success can be achieved only by many talented people. Industrial and Commercial Bank of China has always attached great importance to talent training. It built ICBC College, a corporate college for the new era, by integrating the Group’s learning channels, methods and contents to serve as a big platform for learning, knowledge sharing and ideological innovation of more than 400,000 employees in 17,000 ICBC institutions worldwide, with a view to continuously output innovative thoughts, interdisciplinary talents and ICBC wisdom to boost the sustainable development of the bank.
As a corporate college of the financial institution under the central government, ICBC college has always given top priority to fulfilling its mission and responsibilities as a large-sized state-owned bank. Adhering to the principles of “opening-up, diversification, integration and win-win”, the bank established internally a learning-oriented organization to cultivate talents and invigorate ICBC’s undertaking, and built externally an intelligent platform to boost the national economy and the people’s livelihood and fulfill its social responsibilities.