I have just returned from our annual delegation to Hong Kong and China, our 6th Australian mission to the Asian Financial Forum, and the first under the banner of "Invest in Australia" which captured the attention and imagination of Chinese investors, entrepreneurs, business leaders and potential migrants. For more information on this year's delegation, and to view the individual profiles of each of our delegates, please download the delegate booklet via this link.
During our visit to Hong Kong and China, I met with many local business leaders and entrepreneurs who described the Australia-China relationship as about to enter a "Golden Phase" with the signing of the China-Australia Free Trade Agreement, the recent visit to Australia by President Xi Jinping, and increasing awareness of Australia's agricultural resources and services capabilities, particularly in the following sectors:
- Financial Services
- Other professional services (legal, accounting etc.)
China's "Going Out" Strategy is in full swing, with large and small companies looking to diversify, grow and learn by investing in well developed and established markets in western countries. Australia often gets overlooked due to its small population and other factors and misperceptions, but this is changing. With Canada shutting its door to new migrants from China, Australia is now becoming increasingly seen as a safe, stable and attractive country for migration, investment and business purposes.
This represents opportunities across the board for Australian companies and industries who can position themselves for Chinese investment and are ready to engage with investors, migrants and entrepreneurs. The signficant wave of investment into Australian property is just the beginning. Are you ready?