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
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