Asia Pacific round-up: China local government pension funds to start investing $313bn 'soon', and more

4 Sep 15

A round-up of recent public finance stories from Asia Pacific you might have missed.

China's local pension funds will start investing 2 trillion yuan ($313.05 billion) as soon as possible in stocks and other assets, senior government officials said, in a bid to boost the investment returns of such funds. (Reuters)

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop. (Merco Press)

The federal government is coming under mounting international pressure to strengthen its laws against money laundering through real estate. (ABC News)

China’s new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance. (Reuters via Japan Times)

Finance Minister Bambang Brodjonegoro plans to establish Indonesian Development Bank (IDB) in 2016. The aim is to smooth the development of projects that uses a public private partnership (PPP) scheme. (TEMPO.CO)

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