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Overview

Bank of China provides grant funding to UTS: ACRI in 2016

Commitments (Constant USD, 2023)$30,990
Commitment Year•2016Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2016
Start (actual)
Jan 1, 2016
End (actual)
Jan 1, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Government Agencies

  • University of Technology Sydney

Loan description

Bank of China provides grant funding to UTS: ACRI in 2016

Narrative

Full Description

Project narrative

In 2016, 33% of the funding for the University of Technology Sydney's Australia-China Relations Institute (UTS: ACRI) derived from external contributions. The Australia-China Relations Institute is an affiliated think tank established by the University of Technology Sydney to focus on Australia-China relations. Corporate contributions were received from Bank of China (BOC) and China Construction Bank in addition to 12 other contributors (Australian Turf Club, BlueMount Capital, Corrs, Crown Resorts, Deloitte, EG Funds, Holding Redlich, HSBC, KPMG, King & Wood Mallesons, NAB and Star Entertainment). The total corporate contributions towards the 2016 funding totaled to $535,000 AUD, of which BOC is estimated to have provided $38214.29 AUD given the assumption of equal contributions.

Staff comments

1. To estimate the contributions by the Chinese state-owned entities, AidData has assumed that each donor granted in equal proportions ($38214.2857143 AUD each) for the $535,000 AUD total corporate contributions.