CLMR Working Paper 13-1: What's the State of Play? The Effects of State Capital Investment in Australia and Regulatory Implications

The growing size and significance of investments by Sovereign Wealth Funds (SWFs) and State-Owned Enterprises (SOEs), especially those of rapidly growing Asian economies, are having a profound impact on the dynamics of markets across the world.  Better understanding global state investment capital is an increasingly important strategic priority for governments, regulators, finance sector participants and other stakeholders.  This is particularly the case for Australia given the economic and political reality that its stability and economic well-being is increasingly intertwined with Asian jurisdictions that are active state investment actors.  This working paper draws on the early stages of a research project that seeks to map these transformational forces from an Australian perspective. 

George Gilligan acknowledges the financial support of the Centre for International Finance and Regulation (for Research Grant 002: Enter the Dragon: Foreign Direct Investment and Capital Markets). CIFR is funded by the Commonwealth of Australia, the NSW State Government and a range of academic partners, including UNSW (see www.cifr.edu.au).

Originally Published: 
29/05/2013