The Inaugural Meeting of the Chinese Chamber of Commerce in Australia was held on April 3, 2006 in the Old Parliament House, Canberra. Attending the session were around 120 guests, including representatives of the Chinese government, all members of the Chamber of Commerce council, representatives of Chinese-invested enterprises in Australia, as well as representatives from the Australian political and government circles, the Australian business community and Chinese Australians. Mr. Bo Xilai, Minister of Commerce of China, the Hon Mark Vaile, Deputy Prime Minister, Minister for Trade of Australia, H.E. Fu Ying, Chinese Ambassador to Australia, Mr. Kevin Hobgood-Brown, National President of Australia China Business Council attended and addressed the Inaugural Session.

The Chinese Chamber of Commerce in Australia is established on the basis of the Chinese Chambers of Commerce in Sydney, Melbourne, Perth, etc. It has currently 24 council members and over 100 member companies, which are located in New South Wales, Victoria, Western Australia, Queensland, etc. Wu Shiqiang, General Manager of Bank of China (Sydney) is the first Chairman of the Chamber, while Liu Changlong, General Manager of COSCO (Australia), Zeng Chen, General Manager of CITIC (Australia), Wu Xinmin, General Manager of Sinopec Group (Australia) and Zhou Yunchang, General Manager of JANFAIR PTY LTD are Vice Chairmen.

In recently years, mutual visits at top levels between China and Australia have been frequent, whereas bilateral mutually beneficial co-operation has developed rapidly. In 2005 the two countries' bilateral trade exceeded USD27.5 billion, while remarkable achievements were made also on the two-way investment front. The mutually beneficial co-operation has been gaining greater coverage. Chinese investment in Australia, in particular, has shown a tendency of rapid growth, covering areas such as energy, mining, transport, trade and real estate. The establishment of the Chinese Chamber of Commerce in Australia will further push forward the Sino-Australian trade and economic co-operation, deepen the co-operation and exchanges between the businesses, enlarge the influence of Chinese businesses in Australia, and provide services to the Chinese businesses. The Chinese Chamber of Commerce in Australia will be registered in Sydney, with four chapters in Sydney, Melbourne, Perth and Brisbane, all of which are non-profit organizations.