I get the feeling that in China things are moving so rapidly...

I get the feeling that in China things are moving so rapidly that the cash really needs to be as accessable as possible.

It also appears they are on a spending spree, and as the opportunities arise they need to jump on them. Having the cash in arms reach sounds more important at this stage than earning 0.3% per month, despite the large cash figure.

Also may come down to opportunity cost? Locking up the money in an Aussie bank account for low interest may seem like a bad idea, especially if you can get a store up and running within a few weeks and generate top margins.