ASRs peer mentoring program for services sector SME’s

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The brightest stars in Australia’s SME sector are joining together to uniquely self-mentor one another in innovation, internationalisation, digitisation and growth.

Services SMEs will come together under the Australian Services Roundtable’s SME Mentoring Program, to offer one another the benefit of their experience, skills and contacts. They will draw on ASR’s 15 years of experience in enabling Australian service firms to grow nationally and internationally.

About the program

The group will gather once a month on a range of topics including:

  • Election, election, election: The global state of play, Aust, US and Brexit – held 14th September 
  • Looking over the horizon: Where to start with your Internationalisation
  • Speed dating through Free Trade Agreements
  • A multinational SME born global
  • How to turn cross-border contracts into cash
  • Smarketing: how to align sales and marketing
  • Utilising disruption and innovation
  • A software update on E-commerce
  • Masterclass on social media
  • The building bricks of cross-cultural business
How to Apply

There are still places available in the program – attendance is included in a special introductory ASR membership offer of $150 pa plus GST.

Email Stacey Martin, Business Development Manager, SME Strategy or call  Stacey on 0413 127 677 for more information or download the application form here.

About Australian Services Roundtable

As the voice of professional services, Australian Services Roundtable aims to secure Australia’s place in the global economy. In addition to advocating free trade and bilateral agreements, ASR seeks to facilitate international services trade and investment channels.

Members include professional service industries, SMEs, and micro-multinationals across the financial sector, education, health and the environment, tourism, culture, technology and business services.

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Significant Investor Visa (SIV) stats to 31 July, 2016

australia-passport_mapThe change in complying investments to the  mandated $500,000 Venture Capital (VC) and $1.5M allocation to small company shares had initially slowed the rate of applications under the new Significant Investor Visa regime. However, there are currently almost 200 invitations still being processed which alone would result in almost $100M into the VC sector and $900M into other complying managed funds.

Continue reading Significant Investor Visa (SIV) stats to 31 July, 2016

What China’s Rebalancing Means for the future of Australia’s finance sector

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The Australia China Business Council (ACBC) and ShineWing Australia recently released the industry leading 2016 Australia China Trade Report – The Long Boom: What China’s Rebalancing Means for Australia’s Future.

The report, produced in conjunction with Monash Business School and the Australian Centre for Financial Services, serves to highlight some of the opportunities that may flow to Australia as a result of “China’s Rebalancing” from an infrastructure investment-led, to a consumer demand-driven economy.

Australia’s Finance and Insurance sector

China presents an enormous opportunity to expand it’s current output, share of the economy and jobs. As a major employer of Australian workers and the largest single contributor to corporate tax receipts, expanding this sector through greater trade and investment with China will have a major flow-on impact for the wider economy.

Some of the  key messages for the finance sector include:

  • Financial services is Australia’s single largest industry contributing more gross value to the Australian economy than the mining sector
  • China could represent up to 19% of Australia’s financial services export market by 2026
  • China’s share of the financial services export pie is projected to grow from 11% to 16% in 2026, which will result  in the growth of more than 110,000 jobs.

“Like healthcare and education, financial services will be a key driver of Australian economic growth over the next decade”.

Continued Opportunities for Growth

Modelling by the Australian Centre for Financial Studies rebuts the view that China’s softening growth will have a predominantly negative impact on Australian trade. In particular:

  • China’s demand for Australian exports will grow as it modernises its economy and the middle class grows by an estimated 109 million adults
  • China will claim just over 31% of Australia’s exports by 2025, up from 28% at present
  • Close to one million new jobs could be created across the five key industries of financial and insurance services, healthcare and social assistance, education, tourism and construction by 2026.
Conclusion

The future of the Australia-China trade relationship is one of both opportunity and challenge. Key opportunities lie in industries other than mining that align with China’s likely growth profile. The rising Chinese middle class presents an opportunity to broaden and deepen the Australia-China bilateral economic relationship in the generations to come with services already accounting for around 75% of Australia’s economic output and some 85% of employment.

Even with a relatively conservative forecast for Chinese economic growth, China appears set to remain Australia’s dominant trading partner. However, the ability to capitalise on Chinese demand will be contingent on policy decisions, such as visa and investment policy, foreign investment screening thresholds, export finance and insurance.

Tim Hogan-Doran, ShineWing Australia
Tim Hogan-Doran, ShineWing Australia

For more information on the report and it’s implications for Australian businesses, contact community member Tim Hogan-Doran from ShineWing Australia or download the full report here.

INVITATION: learnings and outcomes from ABF mission to CIFIT, Xiamen China – Monday 19th Sept

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The Australian Business Forum (ABF) has been running Aus-China business events for 10 years and recently hosted a fourth overseas mission to the China International Fair for Investment and Trade (CIFIT) expo.

expo-standExpat Advisors Community was an exhibitor within the ABF Australian Pavilion at this years CIFIT looking to assist those planning to move to Australia via our SIV Consulting Service or invest in Australia through a range of strategic business partners.

Community members Dearin & Associates had a number of agricultural and mining projects to promote, Sumo Group showcased their fund management and property investing capabilities and specialist legal advisors Alex Kaufman and Robin Yang discussed  migration and business structuring with those that visited the ABF Australian Pavilion.

LJM Productions showcased their range of cross-cultural films for which they were seeking funding, while other delegates were from a range of industries including health and nutrition, cosmetics and education.

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We also participated in a business matching session with local companies via the Fujian Chamber of Commerce.

At this month’s Expat Advisors Community discussion group, hear from some of the NSW delegates about their experiences from preparing for the mission to participating in a range of business forums and networking events, potential opportunities and how they will use the learnings to position their businesses for Aus-China opportunities.

Event Details

Date:     Monday 19th September, 2016
Time:      5 pm for 5.15 pm start, followed by networking drinks until 7.30 pm
Venue:   SME Village, Level 3, 50 York St, Sydney
Format: Open discussion from a range of delegates and exhibitors from the mission. Please also come prepared to introduce yourself and bring plenty of business cards.

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About Australian Business Forum

Australian Business Forum (ABF) facilitates Australian business looking to engage with China. Initiatives focus on the Small and Medium Enterprise sector and connecting with Chinese business community through a network of partners across business, government, industry and academia.