【IMI Working Paper No. 1709 [EN]】The Belt and Road Initiative, RMB Internationalization and Sino-Australian Financial Cooperation

2017-07-18 IMI

【Abstract】 The trade and financial cooperation between Australia and China are increasing year by year. Australia becomes an important priority investment destination of China. We discuss the financial cooperation against the backdrop of the Belt and Road Initiatives and the internationalization of RMB. We analyze the financial cooperation demand between China and Australia after summarizing it as well as the investment situation. We find that the financial cooperation between China and Australia has a broad prospect, both sides can work together in many aspects such as wealth management, establishment of Sydney international RMB clearing center, opening up the financial sector, infrastructure investment and PPP, financial technology and financial regulation. And we have provided many suggestions for cooperation in various fields. It is expected that in the future the financial cooperation between China and Australia will keep moving forward under the constant dialogue between the two countries. 【Keywords】 The Belt and Road Initiative; RMB internationalization; financial cooperation; China and Australia 【Authors】 Yu Luo, research fellow of IMI, assistant professor at the School of Finance of Renmin University of China Yuhe Wu, Yiran Zhang, and Yiqi Fang, Renmin University of China

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【IMI Working Paper No. 1709 [EN]】The Belt and Road Initiative, RMB Internationalization and Sino-Australian Financial Cooperation

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