Senator Concerned Australian Pension Funds Could Seek Out China Market

Senator Concerned Australian Pension Funds Could Seek Out China Market
An investor looks at an electronic board showing stock information at a brokerage house in Beijing, China, on Aug. 25, 2015. Kim Kyung-Hoon/Reuters
Daniel Y. Teng
Updated:

Sen. James Paterson says he is concerned Australian pension funds (superannuation) could seek out investment opportunities in countries run by authoritarian regimes like China.

“We’re not as big a global investor as the United States is, but our superannuation industry—our pensions funds—are increasingly large and are really outgrowing the Australian economy and need to invest abroad,” the centre-right Liberal Party senator told the American Enterprise Institute in Washington on Sept. 13.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
twitter
Related Topics