China Construction Bank Corporation (CCB) was founded in 1954 and its shares are listed on the Hong Kong and Shanghai stock exchanges. It opened its Sydney office in 2007 and expanded to Perth in 2017. In August 2010, the Australian Prudential and Regulation Authority approved China Construction Bank Corporation as a foreign authorised deposit taking institution, authorising it to carry on banking business in Australia. CCB can conduct wholesale banking business in Australia, including corporate lending and deposit, international settlement, trade finance, AUD clearing etc. Its corporate banking profile was boosted by the 2015 purchase of Royal Bank of Scotland’s Australian loan book.