Commonwealth Bank of Australia is one of Australia's largest comprehensive financial services providers, with operations across 11 countries and regions globally (including New Zealand, China, Indonesia, Hong Kong SAR, Singapore, Japan, Vietnam, the United States, the United Kingdom, Malta, India, etc.), and employs over 51,800 people worldwide. As of October 2016, by market capitalization, Commonwealth Bank of Australia ranked 10th among global banks and was the only AA- credit-rated bank among the top 10 global banks.
As one of Australia's largest comprehensive financial services providers, Commonwealth Bank of Australia holds a dominant market position in financial services including Australian real estate credit, credit card issuance, funds, retail, retirement savings management, and life insurance. Its main business scope includes retail, corporate, small and medium-sized enterprise banking, fund management, pension funds, life insurance, stock investment, and brokerage services.
Commonwealth Bank of Australia Shanghai Branch was approved for upgrading to a branch in November 2009, obtained its business license from the Shanghai Administration for Industry and Commerce on December 15 of the same year, and officially commenced operations on March 1, 2010. To date, the Shanghai Branch has built a solid customer base through continuous efforts.
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