ANZ said the extension of the agreement will facilitate foreign direct investment in Australia by Chinese enterprises.
The bank predicts Chinese outbound deals will reach $200 billion by 2030.
ANZ said it will build on its role as an adviser to CDB and support overall objectives of the new Chinese leadership, which aims to achieve “greater transparency and accountability around its outbound investments and better commercial outcomes”.
ANZ International and Institutional Banking chief executive Andrew Géczy said the agreement will offer Australian companies “direct access to CDB and its associates when they’re looking for equity investment from Chinese state-owned enterprises, as well as the option of project or corporate funding support from China”.
