2016年是对中澳商务关系非常重要的一年。在经历了几度的暂停和重启后,历史悠久的基德曼牧场(Kidman)最终被出售给包括中国开发商上海CRED在内的财团。澳大利亚联邦政府阻止中国国家电网对澳大利亚电网的收购,这令新南威尔士州州长麦克·贝尔徳(Mike Baird)感到颇为沮丧,不得不接受另一个低了30亿澳大利亚元的报价。而詹姆斯·帕克(James Packer)的皇冠赌场帝国仍在努力解决中国政府对其关键员工的指控。

与此同时,中国内部的力量也在以十年前难以想象的方式影响着澳大利亚经济。中国1亿中产阶级消费者的出现影响了Coles和Woolies超市婴儿配方奶粉的供应。习近平持续的反腐运动正在改变并购活动的面貌,而人民币的贬值正给澳大利亚房地产和资产市场带来不确定性因素。

中国对澳大利亚经济的重要性不容忽视。从悉尼房地产到黄金海岸旅游业,从维多利亚州的乳制品到西澳/南澳的优质食品生产商,中国投资者和消费者正在改变全澳市场。

 

关键主题

以下内容汇集了2016年投资及商业关键主题,我们将于2017年1月31日到2月2日,由HLB Mann Judd在墨尔本、布里斯班和悉尼主办的“澳中投资&经济综述会议” 上对其及其他重要进展做相关讨论。(澳大利亚其他地区会议待定)

 

货币&资本管制

为应对人民币贬值,中国官方开始实行比以前更为严格的货币管制制度。几乎每一场与中国同事的对话(在澳大利亚和中国),最后都会谈到外汇管制问题(如何将钱从中国带出来)。虽然我们已经有几个好的解决方案可以帮到我们的人脉网络,但这仍是个大问题,是个让澳大利亚投资银行家和房地产开发商紧张的大问题,因为外汇管制让中国完成跨境投资变得更具挑战性。

根据我们与澳大利亚、中国的投资银行家及律师的讨论,中国政府(尤其是外汇管理局)似乎对跨境并购的商业正当性看得更严了。因此,这让想买外国房地产的中国科技公司、或购买外国汽车制造商的中国农业企业更为困难。此外,至少一个资源告诉我们说中国国企的经理们非常担心交易最终的经济结果不理想(比如价格付的过高、或交易的经济逻辑不够严密)。这些可能被当做是腐败的证据,或对国有资产的不当利用。因为这样的证据可导致刑事诉讼,从而让中国高官对跨境交易更加小心翼翼。

我们在文末提供了一系列相关文章选读。

 

大众消费

中国消费者继续发展成为一个“大众市场”,实现着许多西方企业的梦想,同时也冲击着其他人的希望。

关于中国消费者最“颠覆性”的东西大概是他们对电子商务渠道的关注(比如阿里巴巴,淘宝,京东)。千禧年出生在西方的一代人(电子商务重度使用者)每年在网上仅花费微不足道的2000澳大利亚元,而阿里巴巴会员的年平均开销则达到4万5千澳大利亚元。似乎是为了强调这一趋势的重要意义,阿里巴巴11月光棍节促销,当天销售额累计达到177亿美元(包括网上零售巨头卖掉的10万辆汽车)。根据联合国的数字,这超过了世界上47%的国家的年度GDP。

大众消费正在影响澳大利亚和世界其他地方的农业、食品、旅游业及房地产市场(详见下文)。而世界上中国移民足够多的国家和地区反过来也吸引了来自中国大陆的游客和投资流。

 

农业和食品

我们已经听到五个反复出现的关于中国对澳大利亚农业和食品相关资产感兴趣的主题:

  1. 焦点正从农业投资转向食品商贸。基德曼(Kidman)的决定、一些澳大利亚选区民众普遍愈加强烈的民族主义、以及农业资产较为分散的自身属性都在削弱寻找跨境并购目标的中国企业的激情。另一方面,中国对澳大利亚食品的渴望,如果有的话,已经大增并扩展到包含新的产品(比如坚果和核果),让许多中国买家留意着采购合同。
  2. 中国人仍对澳大利亚的食品和农产品极有兴趣。贝恩咨询的一项研究表示,就食品产品来说,澳大利亚被标签为“在中国最炙手可热的品牌”。
  3. 生产商们诟病澳大利亚政府对利用中澳自由贸易协定的官僚协议缺乏进展。我和农业行业组织的一个官员谈过此事,他称与帮助澳大利亚生产商寻找并接入新市场恰恰相反的是,澳大利亚政府官僚擅于为未能展开必要的协议内容寻找借口。
  4. 联邦农业部部长巴纳比·乔伊斯(Barnaby Joyce)担心和中国关联的农业经济存在“两种发展速度”。当大型农企正在从中澳自贸协定中实现利益的同时,小型生产商和家庭农场并没能获得同样的利益。
  5. 澳大利亚商业仍对中国不够了解,不了解如何从这个市场攫取价值。澳大利亚牛奶的一个事实便充分体现出这一点,当三分之二的中国消费者表示他们愿意多付20%来购买澳大利亚牛奶时,乳企实际上以38%的折扣将牛奶卖给了中国国内品牌。造成这一差距的绝大多数原因在于对中国的市场运作和分销渠道不甚了解。

 

旅游业

随着更多中国人有钱到足以出门远行,旅游业保持持续增长态势。中国游客的兴趣范围也扩大到包括美食(尤其是去葡萄酒庄园)和冒险之旅。

十二月,中澳两国政府签署了“开放天空”协议,取消了两国之间增加航班的大部分限制,澳大利亚旅游业获得显著增长。

Basis Point将于二月份发布其第二期中国旅游业报告《金龙:中国游客在澳大利亚的消费习惯》。

 

房地产

与9月份我们举办非银行融资大会时相比,房地产金融市场已趋于稳定。总体的市场条件仍是如此——澳大利亚审慎监管局的限制继续抑制澳大利亚四大行贷款组合的增长,为新的贷款人进入该领域创造了机会。我们正越来越多地和更多进入这一市场的非银行贷款人(包括外国银行)交流。从我们与财政部官员的讨论,包括财长斯科特·莫里森(Scott Morrison),似乎政府认为这些新贷款机构的出现是一种积极地发展,因此不太可能向澳大利亚审慎监管局施压要求放松对四大行的要求。

我们继续听到房地产行业对交割风险的担忧,尤其是考虑到中国买家面对的困难——将钱带出中国和为购买的期房获得按揭贷款。我们继续接到大量来自开发商和市场的电话,他们正在寻找解决方案来帮助自己的客户。但是,我们尚未看到大规模的交割违约,或明显下滑的来自中国买家的购买量。我们也收到了与此相矛盾的报告,关于收紧面向中国人的预售,但是此事尚未经证实。

我们看到市场中以下比率:

对境外(需外国投资审查委员会审核)个人住宅买房者的首套按揭贷款,贷款额占购房款的60%,还款利息5%到12%

开发项目融资首次按揭贷款,贷款比率60%到70%,还款利息14%到20%

麦则恩贷款——利息18%到24%

优先股——利息20%到40%

 

关于以上主题精选的系列文章(更多内容将于我们的“投资&经济综述会议”发布)

 

中国外汇管制和跨境兼并并购

China’s foreign investment ‘shopping spree’ over as Beijing moves to slash capital outflow

South China Morning Post, November 29, 2016

Beijing is embarking on a massive policy shift designed to stem ­capital flight by curbing outbound investment, sources say. Tighter control of overseas­ ­investment is likely to put an end to a trophy-asset shopping spree by well-connected companies such as Anbang Insurance and Dalian Wanda, with Beijing ready to cut the supply of foreign ­exchange for such deals.

http://www.scmp.com/news/china/economy/article/2050029/chinas-foreign-investment-shopping-spree-over-beijing-moves-slash

 

Expatriating Money From China

LinkedIn, December 13, 2016

The more rigorous enforcement of Chinese currency regulations will persist for some time, and is likely to continue to cause disruption to a number of markets, especially in Australia. At the same time, there are solutions for getting monies out of China and it needn’t be a block to a deal or investment.

https://www.linkedin.com/pulse/getting-money-out-china-ct-johnson?published=t

 

China to clamp down on outbound M&A in war on capital flight

Financial Times, November 28, 2016

China is readying new restrictions on outbound foreign investment in an effort to curb capital outflows that are putting downward pressure on the renminbi and draining foreign exchange reserves, according to people who have seen a draft of the rules.

https://www.ft.com/content/2511fa56-b5f8-11e6-ba85-95d1533d9a62

 

Beijing warns mainland investors, M&A is not an excuse for capital flight

South China Morning Post, November 29, 2016

The biggest regulatory challenge facing Chinese companies wanting to snap up European assets isn’t political opposition from other governments, it’s getting the money out of the country in the first place, analysts say.

http://www.scmp.com/business/article/2050082/china-policies-not-european-opposition-biggest-challenge-acquisitive-firms

 

Getting Money Out of China: It’s Complicated, Part 1

China Law Blog, December 3, 2016

For the last few months, I alone have been averaging a call or email a day from someone inquiring about getting money out of China.

http://www.chinalawblog.com/2016/12/getting-money-out-of-china-its-complicated.html

 

Getting Money Out of China: It’s Complicated, Part 2

China Law Blog, December 4, 2016

In this post, I will discuss the three factors the Chinese government uses to allow funds to leave China to go to a Western company.

http://www.chinalawblog.com/2016/12/getting-money-out-of-china-its-complicated-part-2.html

 

Getting Money Out of China: It’s Complicated, Part 3

China Law Blog, December 5, 2016

In this post, I will examine the “benefit to China” element.

http://www.chinalawblog.com/2016/12/getting-money-out-of-china-its-complicated-part-3.html

 

Getting Money Out of China: It’s Complicated, Part 4

China Law Blog, December 8, 2016

In this post, part 4, I look at what is actually happening in China that is slowing down payments from China.

http://www.chinalawblog.com/2016/12/getting-money-out-of-china-its-complicated-part-4.html

 

Getting Money Out of China: It’s Complicated, Part 5

China Law Blog, December 12, 2016

In this part 5, I will look at what has historically been the primary reason why foreign companies face China payment problems: how they structure and write up their deal. This post will also discuss what you can do to increase your odds of getting paid.

http://www.chinalawblog.com/2016/12/getting-money-out-of-china-its-complicated-part-5.html

 

Foreign companies in China hit by new exchange controls

Financial Times, December 7, 2016

Several European companies in China have been unable to remit dividends abroad following the introduction of new exchange controls, the first indication that Chinese attempts to curb capital outflows are causing problems for foreign businesses.

https://www.ft.com/content/a6d0552a-bbc4-11e6-8b45-b8b81dd5d080

 

China stocks tumble as top regulator warns against ‘barbaric’ buyouts

Investing.com December 5, 2016/12/13

“You launch leveraged buy-outs using illegitimate money, turning from a stranger to a barbarian at the gate, and ultimately becoming a robber in the industry. That is unacceptable,” Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC) on Saturday, referring to a recent series of acquisitions which he described as “somewhat abnormal”.

http://www.investing.com/news/stock-market-news/china-stocks-tumble-as-top-regulator-warns-against-‘barbaric’-buyouts-445574

 

China Unveils Crackdown On Companies Investing Overseas

CNBC.com November 29, 2016

Regulators require approval of outbound M&A deals in excess of $5 million.

http://www.cnbc.com/2016/11/29/china-unveils-crackdown-on-companies-investing-overseas.html

 

China forex regulator tightens controls to stem capital outflows – sources

Reuters, November 29, 2016

The State Administration of Foreign Exchange (SAFE) has begun vetting transfers abroad worth $5 million or more and is increasing scrutiny of major outbound deals, even those with prior approval, sources with knowledge of the new rules told Reuters.

http://www.reuters.com/article/uk-china-economy-capitalflows-idUSKBN13O1E2

 

中国大众消费

8 Trends for Selling to Chinese Consumers in 2017

China Skinny, December 14, 2016

Package customization, niche online platforms, virtual reality and other trends for selling to Chinese consumers in 2017.

http://www.chinaskinny.com/blog/8-chinese-consumer-trends-2017/2/

 

China’s Biggest E-shoppers Spend US$45,000 A Year Online

Alizila, November 21, 2016

The average annual online spend among current Alibaba Passport members is about $45,000. In contrast, American’s millennials—defined as aged 18 to 34 with higher consumption than other demographic groups—spend about $2,000 a year online, according to a recent study conducted by BI Intelligence.

http://www.alizila.com/chinas-biggest-e-shoppers-spend-a-whopping-45000-a-year-online/

 

Top Baidu (China’s Google) Searches For 2016

China Skinny, December 12, 2016

The second ranked question asked of the search engine was “Can you recommend a cost-effective wall finish for a living room.” Seriously.

http://www.chinaskinny.com/blog/top-baidu-searches-2016/

 

Single’s Day Generates US$17.7 billion in sales for Alibaba

Business Insider, November 12, 2016

Chinese e-commerce giant Alibaba just shattered records for its annual Singles’ Day shopping frenzy. Shoppers spent a total of $17.7 billion during the 24-hour event, topping last year’s Singles’ Day by more than $3 billion.

http://www.businessinsider.com.au/singles-day-alibaba-sales-2016-11?r=US&IR=T

 

New ‘Two-Child Policy’ Driving Mini Baby Boom in China

Caixin, November 28, 2016

The number of children born in China this year is set to rise by 5.7% compared to 2015 as a result of the introduction of the country’s new two-child policy in 2015,

http://english.caixin.com/2016-11-28/101019931.html

 

Singles’ Day: Alibaba posts record sales as Chinese e-shoppers spend billions

ABC News , November 12, 2016

E-commerce giant Alibaba has posted a record 120.7 billion yuan ($23.39 billion) worth of sales on Friday during its Singles’ Day festival, one of the world’s busiest days for e-commerce.

http://www.abc.net.au/news/2016-11-12/alibaba-posts-record-singles-day-sales/8019900

 

How Alibaba Turned China’s Singles’ Day Into The World’s Biggest Shopping Bonanza

Forbes, November 11, 2016

Singles’ Day, which falls on November 11 in China, doesn’t really have a lot to do with being single. Since 2009, it has been touted by e-commerce company Alibaba as a 24-hour shopping day on which you’ll find thousands of international and local brands offering discounts on the firm’s marketplace and online stores.

http://www.forbes.com/sites/ahylee/2016/11/07/how-alibaba-turned-chinas-singles-day-into-the-worlds-biggest-shopping-bonanza/#3e0b953f20ba

 

Marks & Spencer To Shutter It’s Stores In China

Bloomberg, November 9, 2016

Marks & Spencer executives are asking themselves whatever happened to the Great Chinese Consumer as the British retailer moves to shutter its 10 stores in China.

https://www.bloomberg.com/gadfly/articles/2016-11-09/china-s-slippery-consumers

 

Microsoft plans to triple stores in Chinese mainland

ECNS, October 30, 2016

Microsoft Corp plans to triple the number of its franchised stores in China to 400 in two years, as the United States tech giant steps up efforts to boost the sales of its consumer electronics products.

http://www.ecns.cn/business/2016/10-30/232128.shtml

 

Alibaba Sold 100,000 Vehicles Online In Just 24 Hours

Value Walk, November 14, 2016

Alibaba’s platforms, including Tmall, AliExpress, and Taobao, which together make up the largest e-commerce services worldwide, are selling vehicles also, like General Motors’ Cadillac, according to SCMP. On Singles’ Day, the platform set a new record by selling 100,000 vehicles online in just 24 hours.

http://www.valuewalk.com/2016/11/24-hours-alibaba-sells-100000-vehicles/

 

Trump’s Vow to Crack Down on China Set to Run Into Complex Reality

Bloomberg, November 11, 2016

“I expect him to come out of the chute criticizing China a bunch and demanding improvement in China trade policy,” said Scott Kennedy, a China expert at the Center for Strategic and International Studies in Washington. “But he’s going to get briefed by his staff in the White House and come face to face with new data that don’t accord with his current view.”

https://www.bloomberg.com/news/articles/2016-11-11/trump-vow-to-crack-down-on-china-set-to-run-into-complex-reality

 

China’s high-earning consumers to surge by 2030: report

Shanghai Daily, November 5, 2016

The number of people earning more than 10,000 U.S. dollars per year is expected to grow to around 480 million by 2030, from around 132 million today, according to research by the Economist Intelligence Unit (EIU), a think tank with the Economist.

http://www.shanghaidaily.com/business/Chinas-highearning-consumers-to-surge-by-2030-report/shdaily.shtml

 

农业和食品

Bellamy’s shares suspended amid fears on China trade

Financial Review, December 14, 2016

Speculation is rife around the nature of Bellamy’s Australia problems following its suspension from trade today, with sources saying the organic baby food maker has underestimated the importance and power of the “Daigou trade”.

http://www.afr.com/business/retail/fmcg/bellamys-shares-suspended-amid-fears-on-china-trade-20161214-gtat4x?et_cid=29058146&et_rid=1925807769&Channel=Email&EmailTypeCode=&LinkName=http%3a%2f%2fwww.afr.com%2fbusiness%2fretail%2ffmcg%2fbellamys-shares-suspended-amid-fears-on-china-trade-20161214-gtat4x&Email_name=MW5-12-14&Day_Sent=14122016#ixzz4Sn4La3zR

 

Benefits of China trade agreement lost on Australian farmers still waiting for market access

ABC Rural, November 25, 2016

“Nothing is going to happen until the people who run our country say ‘we think it’s really important for us to sell food to China’.”

http://www.abc.net.au/news/2016-11-24/farmers-say-benefits-of-chafta-stopped-by-market-access-issues/8047634

 

“Alligator pears” (avocados) are China’s newest superfruit

Quartz December 4, 2016

“When you buy it, you are buying the feeling of luxury.”

http://qz.com/851688/alligator-pears-are-chinas-newest-superfruit/

 

The Great Underperformance of Imported Milk in China

China Skinny, November 11, 2016

For all the hype, and a huge preference among Chinese consumers for milks sourced offshore, foreign dairy products sell for 38% less than domestic Chinese products due to poor understanding of the local market.

http://www.chinaskinny.com/blog/infographic-china-dairy/

 

How life for milk’s market darling Bellamy’s turned sour

The Sydney Morning Herald, December 10, 2016

There have been few bigger darlings of the Australian sharemarket than Bellamy’s. But the fairytale ride ended last week after Bellamy’s Australia announced a “business update” that wiped more than $500 million from the company’s share price in a matter of minutes.

http://www.smh.com.au/business/retail/how-life-for-milks-market-darling-turned-sour-in-china-20161208-gt7a3i.html

 

Freedom Foods still sees value in dairy formula and China

Queensland Country Life, December 14, 2016

Just when the nutritional dairy powder market looks to be turning a little sour for some, the diverse food and beverage business Freedom Foods is expanding its footprint.

http://www.queenslandcountrylife.com.au/story/4354963/freedom-foods-still-sees-value-in-dairy-formula-and-china/?cs=4733

 

Domestic Beers In China Face Headwinds While Imported Beers Soar

The Drinks Business, November 21, 2016

Imported beers are expected to reap frothier profits in China in the coming years while domestic beers have suffered 25 straight months of decline since July 2014.

https://www.thedrinksbusiness.com/2016/11/domestic-beers-in-china-face-headwinds-while-imported-beers-soar/

 

White wines threaten the dominance of red in the China export channel

The Shout, November 8, 2016

Australian wineries are forecasting growth from white varietals in China, threatening the traditional dominance of red wine in the marketplace.

http://www.theshout.com.au/2016/11/08/article/Chinese-red-wine-export-dominance-under-threat/QGAQIXVKRM.html

 

Selling Australia into the China dream

Financial Review, October 25, 2016

Every Australian farmer and food producer by now appreciates the massive potential of the China market – in theory. In practice, it’s a lot more difficult, as well as commercially nerve-racking, for most to figure out how best to realise that potential.

http://www.afr.com/opinion/columnists/selling-australia-into-the-china-dream-20161025-gsaatb#ixzz4SmwAFy00

 

Chinese market to boost Aussie stonefruit industry

ABC Rural, October 25, 2016

Australian growers will start sending their nectarines to China for the first time in the coming weeks, as part of a protocol struck between the Department of Agriculture and the Chinese government in May. The protocol focuses mainly on pest monitoring and management and has made China the first new market to open up to the stonefruit industry in about two decades.

http://www.abc.net.au/news/2016-10-25/australian-stonefruit-nectarines-exports-to-china/7963200

 

Nectarines the latest Aussie success story in China

Australian Ministry Of Agriculture, November 15, 2016

“Chinese consumers are already developing a growing taste for Australian oranges, mandarins, table grapes and cherries. I’m very pleased to add Australian nectarines to that growing list.”

http://minister.agriculture.gov.au/hartsuyker/Pages/Media-Releases/nectarines-to-china.aspx

 

Australian infant formula maker banned in China

Financial Review, November 15, 2016

Australia and China are once again at loggerheads over dairy exports, after Beijing banned Victorian infant formula maker Vilpus Dairy from selling its products on the mainland.

http://www.afr.com/news/world/asia/australian-infant-formula-maker-banned-in-china-20161115-gsprpq

 

Bill McDonald ditches dairy to return to coal mining

The Australian, December 6, 2016

As a barometer of the booming dairy-exports-to-China market, a decision by former mining services magnate Bill McDonald to quit his fledgling infant-formula empire, Camperdown Dairy International, to return to coalmining had all the early warning signs of a brewing storm.

http://www.theaustralian.com.au/business/bill-mcdonald-ditches-dairy-to-return-to-coalmining/news-story/e5ea5d1bad772c4f71f526f15c133e13

 

Qantas set to fly 50,000 litres of fresh milk a week from Hobart to China

The Australian, November 25, 2016

More than 50,000 litres of fresh milk a week will be flown by Qantas from Hobart to China if a freight deal between VAN Dairy and the airline gets off the ground.

http://www.theaustralian.com.au/business/companies/qantas-set-to-fly-50000-litres-of-fresh-milk-a-week-from-hobart-to-china/news-story/43871cef6e3b4678c9b7b79c0a84fa81

 

Investment potential of agriculture ‘untapped’ in Australia: BetaShares

Professional Planner, December 8, 2016

Agriculture is a key global sector with the potential to enjoy solid long-term growth as the quantity of food demanded worldwide increases.

https://www.professionalplanner.com.au/cut-and-paste/2016/12/08/investment-potential-of-agriculture-untapped-in-australia-betashares-52928/

 

Treasurer approves Gina Rinehart-led bid for Kidman cattle stations

The Australian, December 9, 2016

A Gina Rinehart-led takeover offer for S. Kidman & Co, Australia’s largest landholder, has been waved through by Treasurer Scott Morrison, bringing an end to the long-running sale saga. Ms Rinehart teamed up with Shanghai CRED Real Estate Stock Co to make a $365 million bid in October after a Shanghai Pengxin-led consortium’s bid for the cattle stations was blocked on national interest grounds in April. The offer was later raised to $386.5 million after a rival bid was lodged by some of the country’s wealthiest farming families.

http://www.theaustralian.com.au/business/mergers-acquisitions/treasurer-approves-gina-rinehartled-bid-for-kidman-cattle-stations/news-story/da55aa0dfdbb9ed27e6c3aebceaff9c7

 

The Hottest Brand in China Is Australia

Bain & Co, November 15, 2016

When Bain & Company recently interviewed 2,000 cross-border shoppers in China, they were 1.6 times more likely to associate Australia with health and nutrition than the US, Germany, Japan and South Korea, and 2.5 times more likely to associate Australia with words related to “natural”.

http://www.bain.com/publications/articles/the-hottest-brand-in-china-is-australia.aspx

 

旅游业

Chinese knowledge of Australian wine boosting tourist numbers, winemakers say

ABC News, November 19, 2016

Winemakers believe the increasing sales both at home and abroad are strongly influenced by the relatively weaker Australian dollar, but they are quick to add it is also due to a growing awareness among Chinese consumers about Australia’s many wine regions.

http://www.abc.net.au/news/2016-11-18/chinese-knowledge-of-australian-wine-boosting-tourist-numbers/7988194

 

Chinese tourists venture off the beaten path

Sydney Morning Herald, November 16, 2016

Destinations outside Sydney and Melbourne are attracting a new breed of adventurous Chinese visitor willing to explore regional areas, the Choice Hotels franchise maintains.

http://www.smh.com.au/business/property/chinese-tourists-venture-off-the-beaten-track-20161113-gsom6e.html

 

Mainlanders in quest for unique experience from overseas travel, as shopping loses appeal

South China Morning Post, November 8, 2016

A study from market research company GFK revealed that long-time favourite shopping destinations like Hong Kong and Macau are losing appeal. As more Chinese come to value the experience of the trip itself, it is the experience of being abroad that has become the ultimate luxury good rather than a new handbag or pair of shoes.

http://www.scmp.com/property/hong-kong-china/article/2043969/mainlanders-quest-unique-experience-overseas-travel

 

Australia, China agree to open aviation market

China Daily, December 12, 2016

Australian and Chinese governments have settled arrangement to open aviation market between the two countries, Australian Minister for Infrastructure and Transport Darren Chester and Minister for Trade, Tourism and Investment Steven Ciobo said in a statement on Sunday.

http://www.chinadaily.com.cn/business/2016-12/05/content_27569476.htm

 

First regular passenger service between China and South Australia cleared for takeoff

Daily Mail, December 13, 2016

The South Australian government is set for a huge financial windfall when the first regular direct flight from China ands on Tuesday. The new route which will see up to 120,000 extra visitors enter South Australia.

http://www.dailymail.co.uk/news/article-4025242/First-regular-passenger-service-China-South-Australia-cleared-takeoff.html#ixzz4SnpUyXtO

 

Victorian tourism: State cashes in Australia’s market growth

Herald Sun, December 7, 2016

“Chinese visitation and expenditure is a key pillar of Victoria’s great prosperity,” Tourism and Major Events Minister John Eren said. “It accounts for a third of total visitor expenditure in Victoria, and it’s more lucrative than the next six markets combined.”

http://www.heraldsun.com.au/news/victoria/victorian-tourism-state-cashes-in-australias-market-growth/news-story/78c241ac9d38a206ca1897947cb70b85

 

房地产&房地产金融

Residential Mortgage Financing Options for Offshore Buyers

Development Finance Partners, November 29, 2016

The Big Four Australian bank’s retreat from the offshore residential mortgage market has left many foreign buyers searching for financing options. Here are three.

http://www.dfpartners.com.au/residential-mortgage-financing-options-for-offshore-buyers/

 

Chinese property investors may be forced to sell as bank finance dries up

ABC, November 28, 2016

Thousands of Chinese property investors who bought apartments in Australia are still scrambling to save their investments, six months on from a bank clampdown on foreign lending.

http://www.abc.net.au/news/2016-11-28/chinese-property-investors-worried-after-big-banks-change-rules/8062530

 

CBA, NAB, Westpac turning up heat on property buyers

Financial Review, December 5, 2016

Commonwealth Bank of Australia, the nation’s largest mortgage lender, National Australia Bank and Westpac are turning up the heat on property buyers by cracking down on loopholes or cranking up variable and fixed term interest rates.

http://www.afr.com/real-estate/cba-nab-westpac-are-turning-up-the-heat-on-property-buyers-20161205-gt414b#ixzz4Snjyginx

 

5 Tips For Better Understanding Peer-To-Peer Property Lending In Australia

The Urban Developer, December 6, 2016

Keep an eye on security and be reasonable about the interest rate and you won’t go far wrong.

https://www.theurbandeveloper.com/5-tips-better-understanding-peer-peer-property-lending-australia/

 

Australian Home Loans Decline in October; Investment Lending Continues Higher

Economic Calendar, December 9, 2016

Home financing in Australia declined less than expected in October, while investment lending continued to grow, painting a mixed picture of domestic real estate.

http://www.economiccalendar.com/2016/12/09/australia-home-loans-decline-in-october-investment-lending-rises/

 

Lenders slash property loans by up to 155 basis points

Financial Review, December 9, 2016

Lenders are slashing borrowing costs by up to 155 basis points for some property borrowers and increasing rates for others as they attempt to build and protect market share in volatile markets, analysis of lending rates reveals.

http://www.afr.com/real-estate/lenders-slash-property-loans-by-up-to-155-basis-points-20161207-gt6h34#ixzz4SoGIGPwy

 

Australia Investment Lending for Homes fell from previous 4.6% to 0.7% in October

FX Street, December 9, 2016

https://www.fxstreet.com/news/australia-investment-lending-for-homes-fell-from-previous-46-to-07-in-october-201612090031

 

Aussie property market becoming even more overvalued

Yahoo Finance, December 6, 2016

Home values are estimated to be around 8.4 percent overvalued, with property in Melbourne the most overvalued nationwide according to the CoreLogic-Moody’s Home Value Index Forecast.

https://au.finance.yahoo.com/news/aussie-property-market-becoming-even-more-overvalued-004542735.html

 

Aussies drive property boom amid ‘marginal’ foreign effect

The Australian, December 5, 2016

Australia’s property price boom is being driven by a lack of new housing coming on to the market and unprecedented demand from local buyers rather than ramped-up interest from foreign investors.

http://www.theaustralian.com.au/business/property/aussies-drive-property-boom-amid-marginal-foreign-effect/news-story/fe2bb242933841f593b0d72e0c77b58c

 

Overseas buyers not behind Australian property price boom: report

Realestate.com.au, December 6, 2016

The Foreign Investment and Residential Property Price Growth paper, based on five years of research up to mid-2015, states that overseas buyers had only accounted for “a small proportion of the increase in property prices” in Australia in recent years.

http://www.realestate.com.au/news/overseas-buyers-not-behind-australian-property-price-boom-report/

 

Gaw Capital Acquires Australian Property, Plans To Convert To Student Dorms

China Money Network, December 6, 2016

Hong Kong-based real estate private equity firm Gaw Capital Partners has purchased an office building in Perth, Australia, with the aim to convert the building into student dormitories, the firm announced today without disclosing financial details.

https://www.chinamoneynetwork.com/2016/12/06/gaw-capital-acquires-australian-property-plans-to-convert-to-student-dorms

 

Housing markets to remain strong, but the bubble is inflating

Sydney Morning Herald, December 7, 2016

Housing markets will retain their buoyancy for at least another year, but concerns of price bubbles loom large, according to the latest Australian Property Institute’s Property Directions Survey.

http://www.smh.com.au/business/property/housing-markets-to-remain-strong-but-the-bubble-is-inflating-20161206-gt4ucn.html

 

Foreigners pile back into Australian property

Shanghai Daily, December 8, 2016

Australia’s “spring-selling” real estate season is seeing a defiant return of Chinese buyers, undaunted by lending restrictions aimed at curbing their interest in the country’s sky-rocketing housing market.

http://www.shanghaidaily.com/business/biz-special/Foreigners-pile-back-into-Australian-property/shdaily.shtml

 

New regulatory regime not enough to deter foreign investment into Australia

The Investor, December 13, 2016

In response to a spike in offshore demand for Australian property assets in the past three years, federal and state regulators have tightened regulations and increased costs for non-resident investors. But the new regime is unlikely to significantly deter foreign investors from seeking real estate assets in Australia, according to JLL.

http://www.theinvestor.jll/news/australia/00/new-regulatory-regime-not-enough-deter-foreign-investment-australia/

 

China’s Poly Australia to appoint agents as part of Sydney CBD shake-up

The Australian, December 9 2016

Poly Australia, the local arm of Chinese developer Poly Real Estate, is looking to appoint agents next year for the lease of its planned new office tower in the Sydney CBD that is about to shake up the city’s office market.

http://www.theaustralian.com.au/business/property/poly-australia-to-appoint-agents-pas-part-of-sydney-cbd-shakeup/news-story/b24996a657fe5f878a58c0892fbbb6ca

 

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