Wednesday , July 26 2017
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China

Tripartite meeting speech: Guangzhou Mayor

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Mayor Len Brown and Councillors Bill Cashmore and Denise Krum led a delegation of 43 Auckland businesses to the inaugural Tripartite Economic Alliance Summit in Los Angeles. “Auckland is New Zealand’s only global city and we are fast becoming a significant innovation hub in the Asia-Pacific region. The summit gives us the chance to …

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Fonterra raises $230 mln in dim sum bond to fund Beingmate investment

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Fonterra Cooperative Group, the world’s largest dairy exporter, sold its third dim sum bond, raising 1 billion Chinese yuan, or $230 million, with the proceeds helping fund the stake in Beingmate Baby & Child Food.  The five-year bond, which is priced in yuan but issued outside of China to tap international investors, will carry …

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TruScreen posts annual loss, sees blue skies in China

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TruScreen, the NZAX-listed cervical cancer test developer, posted a small loss in its first annual filing as a listed company and has lined up China to underpin growth having achieved regulatory approval and several supply deals in the world’s most populous nation. The Auckland-based company reported a loss of $692,000, …

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Former PM Jenny Shipley keen to leverage Boao Forum appointment

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Former Prime Minister Jenny Shipley wants New Zealand firms to take advantage of her appointment to the board of the Boao Forum, which is made up of global political and commercial leaders, to seek business opportunities in Asia. Shipley was appointed to the board last month at the forum, which is focused …

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Pengxin steps up investment footprint with hotel investment

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The acquisition of Kawarau Village  – including five star Hilton Hotel and 4.5 star Kawarau Hotel is Pengxin’s first investment in NZ tourism. After months preparation, Kawarau Hotel is rebranded as Double Tree Hotel, which is sub brand of Hilton Group. Near 100 people gathered to celebrate the opening of the …

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China Inside Out: Five macro themes for 2015 – HSBC

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HSBC has singled out five macro themes for 2015. With disinflationary pressure rising, we lower our GDP and inflation forecasts for 2015 and 2016. Beijing will likely step up policy easing to stabilise the economy. We also expect the pace of key reforms to accelerate Both economic activity and inflation data have …

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Minister opens NZ primary sector Shanghai office

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Economic Development Minister Steven Joyce has officially opened the Shanghai office of Primary Collaboration New Zealand (PCNZ) – a coalition of New Zealand food and beverage companies pooling their expertise in China. Joyce, who is currently visiting Shanghai to foster business ties between New Zealand and China, says the new …

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Nuplex beefs up investment plans across Asia

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BusinessDesk  Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firm’s traditional markets in Australia and New Zealand.  The Auckland-based company officially opened a US$35 million plant in China’s Changshu, and is already considering expansion plans for the site, …

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