John Moutsopoulos (AU)

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The Murray Inquiry’s Final Report brings good news for the funds management sector and its desire to compete internationally.  This is described as a priority area of reform and Government action as it is a key component of getting the blueprint right for the Australian financial system into the future. The Inquiry’s rationale for supporting this area of reform is based upon its philosophy that the primary means of improving the efficiency of our financial…
The People’s Republic of China (PRC) announced the expansion of the Renminbi Qualified Foreign Institutional Investor (RQFII) program to include Australia. Australian investors will now be able to invest up to 50 billion yuan (RMB) ($A9.28 billion approx.) An agreement to allow RMB trades to be cleared in Australia was also announced. These developments follow the July launch of an RMB settlement service in Sydney allowing Australian companies to use RMB as a settlement currency…