China local government pension funds to start investing $313bn 'soon'

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)

India: “Using cheap money to tackle economic problems rather than reform must stop”

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)

Australian government urged to take action against 'dirty' money in real estate

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

China’s AIIB to offer loans with fewer strings than World Bank

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)

Indonesia to see birth of state development bank in 2016

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