|Wednesday, 01 August 2012 09:32|
OFFICIALS within the foreign-exchange arm of China's central bank recently met with Australian regional governments to discuss buying their bonds, people familiar with the matter said.
The securities—known as semi-government - are issued by state debt offices in Australia to help fund infrastructure and public-spending programs. The officials from the State Administration of Foreign Exchange, or SAFE, which oversees the allocation of US$3.2 trillion of reserves for the People's Bank of China, met with funding agencies in New South Wales and Victoria state in May, said the people who asked not to be identified.
– Wall Street Journal