The MoU follows six months of discussions between the two financial institutions and is aimed at enabling both parties to learn more about each other’s respective financial services industries and explore potential areas of collaboration and co-operation for mutual benefit.
Potential areas for further exploration and learning between the two parties include wealth management, insurance, agrifinance and resources.
NAB Group CEO Cameron Clyne said that this new relationship recognizes that a significant and growing proportion of NAB’s clients have personal and or business ties to China.
"It’s important that we continue to explore options and build relationships in the region to support our customers with cross border business and associated market requirements," Clyne said.
CHAMC was one of the four state-owned asset management companies established by the Chinese Ministry of Finance in the late 1990s.
CHAMC currently operates 32 branch offices along with its headquarters in Beijing. The company has controlling stakes in 10 subsidiary companies spanning a wide variety of financial services.
