Australia to invest foreign currency assets of A$1.9b in Chinese bonds

The People's Bank of China (PBOC) has approved an initial quota for the investment, the first time that the Reserve Bank of Australia (RBA) would have invested directly in a sovereign bond market of an Asian country other than Japan, Philip Lowe, the RBA's deputy governor, said yesterday at the Australian Chamber of Commerce in Shanghai.

via Business feed http://www.scmp.com/news/article/1222352/australia-invest-foreign-currency-assets-a19b-chinese-bonds