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Overview

China Merchants Bank contributes grant funding to UTS: ACRI in 2018

Commitment Year•2018Country 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, 2018
Start (actual)
Jan 1, 2018
End (actual)
Jan 1, 2018

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

  • China Merchants Bank Co., Ltd.

Receiving agencies

Government Agencies

  • University of Technology Sydney

Loan description

China Merchants Bank contributes grant funding to UTS: ACRI in 2018

Narrative

Full Description

Project narrative

In 2018, 25% 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. External contributions for 2018 included registration fees from hosting the 30th CESA Annual Conference and corporate contributions received from China Merchants Bank, Bank of China (BOC), China Construction Bank (CCB) and Air China in addition to 12 other contributors (Ashurst, Crown Resorts, Deloitte, EG Funds, Guantao Law, Holding Redlich, HSBC, King & Wood Mallesons, KJR Advisory, Macquarie Group, PwC and Virgin Australia). The total corporate contributions towards the 2018 funding totaled to $452,000 AUD, but the amount provided by China Merchants Bank is unknown.

Staff comments

1. AidData cannot accurately estimate China Merchants Bank's contributions using the equal contributions assumption, as the collected registration fees for hosting the 30th CESA Annual Conference are included in the total external contributions for 2018.