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Size of key stock markets in Asia 2014 Market capitalisation of free-floating stocks (US$ billion, 30 Sept 2014) USA (1) 21,717 Japan (2) 3,655 UK (3) 3,179 Canada (4) 1,675 France (5) 1,408 Germany (6) 1,305 Switzerland (7) 1,247 Australia (8) 1,123 Global 44,352 Australia (8) China (9) South Korea (10) Taiwan (11) Hong Kong (13) India (16) Singapore (20) Malaysia (25) Thailand (28) Indonesia (29) Philippines (34) New Zealand (40) $AUD Billion $US Billion Note: The number in brackets is the world ranking of each country or economy (out of 48). Standard & Poor’s capitalisation-weighted indices are float adjusted. Under float adjustment, the share counts used in calculating the indices reflect only those shares available to investors rather than all of a company’s outstanding shares. Float adjustment excludes shares that are closely held by control groups, other publicly traded companies or government agencies. Source: Standard & Poor’s, S&P Dow Jones Indices World-By-Numbers: September 2014; Austrade Australia has the second largest stock market in the Asian region. We are also home to the largest liquid stock market in the Asian region outside Japan. It is the eighth largest in the world with total capital exceeding US$1.12 trillion in Sept 2014. Australia’s market capitalisation of free-floating shares is greater than China’s US$1.06 trillion, double Hong Kong’s US$528 billion and around four times the market capital of Singapore’s at US$261 billion. Australia’s projected superannuation assets 2012 - 2033 Source: Deloitte Actuaries & Consultants, September 2013, Dynamics of the Australian Superannuation System: The next 20 years: 2013–2033, Austrade Long-term pension pool growth supports future investment opportunities. Australia’s $1.6 trillion superannuation system is the 4th largest in the world and a major driver behind Australia’s globally significant funds management industry. This pool of assets is expected to grow to $7.6 trillion, or 180% of GDP, over the next two decades. We don’t need to tamper with the pension. Australians provide for their long-term retirement on their own efforts. The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia 45


THe Last Sentry at the Gate 1
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