Australian lender ANZ became the latest foreign bank to invest in a mainland Chinese lender in December 2005 when it agreed to invest $120 million for a 19.9% stake in Tianjin City Commercial Bank. TCCB, based in Tianjin, is Chinas fourth-largest city commercial bank by assets, which totalled $8 billion as at October 2005. The bank serves 5 million customers from 180 branches and offices. ANZ plans to provide TCCB with access to its intellectual property and technical resources, specifically to build risk management, retail banking and trade finance capabilities. ANZ has clearly considered its investment in TCCB carefully: Tianjin was voted most livable city in China according to an international survey and it is twinned with Melbourne, ANZs home city.