Original article by Scott Murdoch, Annabel Hepworth, Wang Yuanyuan
The Australian – Page: 19 : 3-Feb-15

China’s State Council has ruled that the nation will use its $US3trn ($A3.9trn) worth of foreign currency reserves to make investments overseas. The targets will include major infrastructure projects, and Australia is set to be among the nations benefiting from the inflow of funds. The groundwork was laid by the Australian Government’s recent signing of a new free trade agreement with China. However some uncertainty remains on the issue of Chinese state-owned enterprises needing approval from Australia’s Foreign Investment Review Board for large asset purchases

CORPORATES
AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CHINA. STATE COUNCIL, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, CORRS CHAMBERS WESTGARTH, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, QINGHUA UNIVERSITY