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。
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）
- 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。
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.
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,
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.
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.
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.
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.
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.
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.”
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.
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”.
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’.”
“Alligator pears” (avocados) are China’s newest superfruit
Quartz December 4, 2016
“When you buy it, you are buying the feeling of luxury.”
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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”.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
Australia Investment Lending for Homes fell from previous 4.6% to 0.7% in October
FX Street, December 9, 2016
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.
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.
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.
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.
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.
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.
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.
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.