The inagural China Australia Economic Leaders forum was held in Sydney on the fifth day of the Lunar New Year, which is the day to meet and celebrate with the God of Wealth and herald a year of good fortunes.
Tim Wang, Belimark Australia (Baidu’s official agent), Gang Peng, Economic and Commercial Consul of Consulate General of PRC, and Stacey Martin, NAB Asia Ambassador welcomed the Chinese investor delegation to the forum. The audience included local businesses with investor ready projects and expert panelists who provided first-hand experience and information on the Australian investment landscape. The event also received coverage in the Chinese media.
Chinese investors have a love of property and particularly commercial development projects. However, in Australia the panelists, including John Grimble – Gadens lawyers, Jingmin Qian – Jing Meridian, David Chin – Basis Point and Jasmine Ashton – NAB Corporate Property, stressed how critcal it is to having the right partners on the ground to help navigate the Australian property market.
In particular, it is essential to engage early to ensure business and financial objectives can be acheived. Ms Qian also referred to the Chinese “Guide to Investing in Australia.”
Expansion into Chinese Market
Lively discussion on exporting our capabilities and collaboration of skills verses capital across industries with views from panelists Caroline Hong – CH Asia Australia on developments across health care, Kathy Zhang – China Eastern Airlines on the growth in tourism to almost one million visitors last year, and Anthony Roberts – Rob Oatley, on the challenges of finding the right partners for export.
Mike Mosel, NAB Agri shared some success stories of Chinese investors partnering with Australian dairy and cattle operators to deliver food security. Again the importance of having local partners to co-ordinate with government as well as a team of experts on the ground, was emphasised to make asset purchases smooth.
Building long-term partnerships
As the first forum of its series, many of the guests were interested in making connections for potential long-term partnerships and introductions in areas such as commercial property, agribusiness and other direct investment opportunities.
Attendees continued conversations and exchanged business cards over some delicious Rob Oatley wines, before continuing to enjoy their brief visit to Australia.
Download the event program which includes profiles of the speakers and event supporters here.