Thank you to the Australian Renminbi Working Group for the invitation to offer some remarks this morning. Over time, the Chinese authorities have gradually opened up China's capital account. Among many other things, this has encouraged deeper financial links between Australia and China, supported by strong trade ties. There is scope for these links to deepen further. One way to see this is to look at cross-border investment in debt and equity markets. Both inflows and outflows are shown (Graph 1). For China, this measure of cross-border investment remains small relative to advanced economies and to other emerging ... (full story)