The deal allowed Commonwealth Bank to have representation on the board and would also provide technical support to HCCB.

[2][3] In December 2006, Asian Development Bank (ADB) acquired a 5% stake in HCCB for US$30 million.

[2][8] In March 2022, Commonwealth Bank sold 10% of its stake in BOH for A$1.8 billion to the Hangzhou city government.

[2][9] There were concerns that Chinese regulators would deliberately slow regulatory approvals and the release of funds as it took over two years for Commonwealth Bank to get approval to sell its stake in BoComm Life Insurance Company to Mitsui Sumitomo Insurance Group.

It was speculated that geopolitical factors played a role and since the sell was to the Hangzhou city government, it was much easier to approve the process.