Changes in policy settings and increased market awareness could lead to Australia benefiting from the opening up of China’s capital markets, according to new research.
The report into the internationalisation of the Chinese currency and its implications for Australia analysed the Chinese financial landscape and featured interviews with more than 100 Chinese and Australian companies.
Australia’s close trading ties with China, funds management expertise and its ongoing need for overseas capital to help fund investment indicates the country stands to benefit from changes to the Chinese market landscape. Researcher Geoff Weir said Australia needs to establish the “right financial architecture” to take advantage of the situation.
Read more at UNSW Sydney