china's swoop on rio and 5 billion rdi float, page-4

Thanks for that.Given the quality of assets available that six months would have been unthinkable (Rio assets)
and the bargains available elsewhere, times have certainly changed further since the proposed RDI float.

Maybe Clive will need to re-price particularly given that part of the motivation for the Hong Kong float was designed to allow the Chinese to invest in Aussie assets to an extent that the FIRB would not allow them to.

With the dry up in equity markets i can see the FIRB/Aussie Govt drawing up a new policy allowing/facilitating direct Chinese investment to enable projects to get off the ground.

Lot more competition for the Chinese investment dollar now.