Bank of China: Legislative Frameworks and Agreements in Australia

Running head: PRODUCT DISRIBUTION AND REVENUE MANAGEMENT 1
PRODUCT DISTRIBUTION AND REVENUE MANAGEMENT
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Executive Summary
Several multinational industries operate in Australia. Bank of China is one of the famous
multinational company which operates under the industry of finance in Australia. Therefore, this
report aims to evaluate this company in details. Also, the discussion will examine various
legislative, regulatory frameworks and their impacts on the Bank of China. The research further
discusses agreements and treaties between Australia and China and their impact on product and
services provided by the Bank of China.

Table of Contents
Table of Contents
Introduction................................................................................................................ 4
Australia legislative regulatory frameworks...............................................................4
Findings................................................................................................................... 4
Discussions.............................................................................................................. 5
Australian Prudential Regulation Authority..........................................................5
Australian Securities and Investment Commission..............................................5
Reserve Bank of Australia (RBA) regulatory framework.......................................6
Treaties and Agreements between China and Australia.............................................7
China-Australia Free Trade Agreements..................................................................7
Impacts of free trade between Australia and China...................................................8
Elimination of trade barriers....................................................................................8
Improved Investment in Australia........................................................................... 8
Better Transport services........................................................................................ 9
Financial agreements between Australia and China................................................9
Impacts of International Financial Agreements in Australia.....................................10
Increased Trade and Investment...........................................................................10
Conclusion................................................................................................................ 10
References............................................................................................................... 12

Introduction
Recent findings show that the Bank of China came into existence in the year 1942.
However, it is based in Australia where it becomes the firsts to operate. Its main objective is to
establish an excellent economic relationship between Australia and China. Bank of China has
decades of experience in related financial matters. Thus, it has established global networks.
Moreover, it has developed fast and efficient methods of supplying financial products to its
potential customers. Recent Statistics shows that it has a company size of 201 to 500 staffs in
Australia (Dollar, 2016, pg.192).
However global statistics show that the company has over 4 billion employees all around the
globe. Its headquarters are in Sydney Australia. The company offers a wide range of financial
services products such as trade finance, Corporate financing, Foreign currency Remittance
services, etc. (Fan, Zhu, &Nyland, 2012, pg. 18)
. Additionally, they advance loans such as personal loan, home loan and commercial
loans business enterprises, companies and individuals.
Australia legislative regulatory frameworks.
Findings
In early 1998 Australia made legislative, regulatory frameworks which responded to the
financial system needs that were composed of 3 major agencies.
1. Australian Prudential Regulation Authority in charge of provident supervisions.
2. Australian Security and Investment Commission in charge of consumer protection and
marketing in financial services.