ANZ further strengthens its partnership with China Development Bank in line with expectations of a greater number of investments in the next decade.

ANZ, one of Australia's Big Four banks, has signed a memorandum of understanding with China Development Bank to prepare for an expected influx of high quality foreign direct investment in Australia by Chinese enterprises.

The bank predicts that the value of China's outbound deals could reach as much as A$200 billion by 2030 and the widening of the ANZ-CDB agreement, first forged in 2009, satisfies this expected demand. 

Under the terms of the deal, ANZ will further build on its advisory role with CDB and support the overall objectives of the new Chinese leadership, which is pushing toward greater transparency and accountability.

The two institutions first signed their MoU in 2009 and then in 2010 upgraded this agreement to include New Zealand.