China

‘Emerging areas like data management’ could be classified as critical infrastructure, Australian federal treasurer Josh Frydenberg said during a speech on the rise of China.

JIDA Capital Partners is in talks with potential anchor investors to start raising the vehicle alone during the first quarter of next year.

The Australian government’s decision to block two Chinese bids for Ausgrid drew a line in the sand for the land Down Under. 

Local government financing vehicles used to fund infrastructure projects face bond maturity payments of $530bn between 2019 and 2021.

Despite having lowered its target twice, the Chinese asset manager claims the vehicle has reached ‘the right size’.

The credit portfolio, which is targeting total returns of 5-7 percent, aims to boost awareness of environmental, social and governance issues in emerging Asian markets.

China is trailing behind its neighbour in infrastructure projects across the region by $66 billion, notwithstanding Beijing's Belt and Road Initiative.

The territory's recent protests pose a challenge to attempts by the financial centre to cement its status as a private equity hub.

Local governments will be able to use proceeds from special-purpose bonds as project capital, as the country tries to stimulate economic growth.

The outlook for renewables is bright, despite the shift towards more market-based systems. But although governments might no longer need to provide subsidies, they still need to offer leadership.