B. Banking and Financial Services For financial leasing services, financial (excluding insurance and leasing corporations of Australia will be securities) permitted to provide financial leasing service at the same time as domestic corporations. Banking services as listed below: (1) Unbound except for the following: (1) None - Provision and transfer of financial (a) Acceptance of deposits and other information, and financial data repayable funds from the public; processing and related software by (b) Lending of all types, including suppliers of other financial services; consumer credit, mortgage credit, - Advisory, intermediation and other factoring and financing of auxiliary financial services on all commercial transaction; activities listed in subparagraphs (a) (c) Financial leasing; through (k), including credit (d) All payment and money reference and analysis, investment transmission services, including and portfolio research and advice, credit, charge and debit cards, advice on acquisitions and on travellers cheques and bankers drafts corporate restructuring and strategy. (including import and export settlement); (2) None (2) None (e) Guarantees and commitments; (3) (3) Except for prudential measures, (f) Trading for own account or for A. Geographic coverage foreign financial institutions may do account of customers: foreign For foreign currency and local business, without restrictions or exchange. currency business, there is no need for case-by-case approval, with geographic restriction. foreign-invested enterprises, natural persons, Chinese natural persons and Chinese enterprises. Otherwise, none.
B. Banking and Financial Services (excluding insurance and securities) Banking services as listed below: (a) Acceptance of deposits and other repayable funds from the public; (b) Lending of all types, including consumer credit, mortgage credit, factoring and financing of commercial transaction; (c) Financial leasing; (d) All payment and money transmission services, including credit, charge and debit cards, travellers cheques and bankers drafts (including import and export settlement); (e) Guarantees and commitments; (f) Trading for own account or for account of customers: foreign exchange. (1) Unbound except for the following: - Provision and transfer of financial information, and financial data processing and related software by suppliers of other financial services; - Advisory, intermediation and other auxiliary financial services on all activities listed in subparagraphs (a) through (k), including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring and strategy. (2) None (3) A. Geographic coverage For foreign currency and local currency business, there is no geographic restriction. (1) None (2) None (3) Except for prudential measures, foreign financial institutions may do business, without restrictions or need for case-by-case approval, with foreign-invested enterprises, natural persons, Chinese natural persons and Chinese enterprises. Otherwise, none. For financial leasing services, financial leasing corporations of Australia will be permitted to provide financial leasing service at the same time as domestic corporations.
chafta-annex-iii-services-schedules-of-australia-and-china.docx