CBA turns the screws on interest-only borrowers and mortgage brokers
AFR, 26 Sep 2017
Commonwealth Bank of Australia is turning the screws on independent mortgage brokers and promoting the roles of its branches and proprietary broker network in the $2 billion residential lending sector as it cuts back on risk interest only loans.
Australia gets even tougher on foreign property investors
Global Property Guide, 27 Sep 2017
The federal government and many Australian states recently slapped new taxes on foreign home buyers and property investors.
Australian Property Investors Stay Confident
The Urban Developer, 28 Sep 2017
Australian property investors have remained optimistic about the long-term benefits of residential real estate, despite the ever-looming concerns surrounding stricter lending conditions, oversupply and surcharges imposed on foreign buyers.
Student accommodation is the new property asset class
SMH, 27 Sep 2017
Australia is the third most popular global destination for international students studying abroad, which has triggered a wave of investment into accommodation that is considered a growing property investment asset class.
Chinese property buyers face tighter rules as real estate agents go for broke in 'Golden Week'
ABC Online, 30 Sep 2017
Cashed-up Chinese property hunters will be treated to helicopter rides and "money-can't-buy" experiences when they flock to Australia next week, but higher taxes and tighter regulations have forced many of them to slash their budgets.
Currency & Financial
BCA chief warns we’re lagging behind world in investment fight
The Courtier Mail, 28 Sep 2017
THE nation’s peak business lobby group says US President Donald Trump’s plan to slash the US corporate tax rate highlights how badly Australia is being beaten in the fight for investment.
Value of Australian mergers and acquisitions up 12pc in first nine months of 2017
The Australian, 27 Sep 2017
The value of Australian mergers and acquisitions activity for the first nine months of 2017 was up 12 per cent compared the same period last year, according to Thomson Reuters.
A2 Milk wins China formula approval
The Australian, 28 Sep 2017
Infant formula suppliers The A2 Milk Company and Wattle Health Australia have strengthened their regulatory position in the lucrative Chinese market. A2 Milk’s application to continue selling its infant formula products in China has been approved by China’s health regulator, the China Food and Drug Administration (CFDA).
NZ dairy giant Fonterra joins bidders for Murray Goulburn
The Australian, 25 Sep 2017
New Zealand dairy giant Fonterra has confirmed it’s made a bid for Australia’s largest dairy processor, Murray Goulburn.
China now owns 10 times the amount of Australian land it did last year
SMH, 30 Sep 2017
The amount of Australian farm land owned by Chinese interests has surged tenfold in the past year, climbing above 14 million hectares or 2.5 per cent of all agricultural land.
Gas crisis is because state governments have impeded investment
The Australian, 27 Sep 2017
Implementing the gas export trigger may be necessary to address the short-term crisis, but it is useless unless we address the root cause (“Gas crisis ‘threat to 100 cities’ ”, 26/9). This predicted crisis has well identifiable origins because, for the first time in history, high commodity prices (natural gas) have not attracted investment or exploration activity.
China-backed Yancoal Australia exercises option to up stake in coal mine
Reuters, 26 Sep 2017
(Reuters) - China-backed coal miner Yancoal Australia Ltd said on Wednesday it had exercised its option to buy a 29 percent stake in the Warkworth operation from Japan’s Mitsubishi Corp for $230 million.
Retail & Tourism
Syrian property developer snaps up Port Douglas’ Reef Marina
The Australian, 26 Sep 2017
The acquisitive international company backed by Syrian billionaire Ghassan Aboud has bought Port Douglas’ Reef Marina with plans to pour more than $100m into its redevelopment.
Will the Chinese market become more open to small foreign businesses?
China.org.cn, 9 Sep 2017
China recently announced that it will further lower the market access thresholds in areas like banking and the securities industry to attract more foreign investment. The aim is to promote the steady growth of foreign investment in China’s pursuit of a better business environment.
Over 20 million merchants outside the Chinese Mainland take UnionPay service as a must-have
PR Newswire, 1 Oct 2017
SHANGHAI, Oct. 1, 2017 /PRNewswire/ -- According to China's National Tourism Administration, China's outbound tourism reaches its peak during this National Day and Mid-Autumn Festival, with the USA, Canada, Australia, France and Egypt being the preferred long-distance destinations. It's reported that more than 21 million merchants and 1.5 million ATMs outside the Chinese Mainland accept UnionPay cards.
Brisbane education industry unfazed by bad Chinese press
SMH, 24 Sep 2017
Despite reports indicating Chinese students are turning their back on studying in Australia, Lord Mayor Graham Quirk says Brisbane has nothing to be concerned about.
Australia must not neglect Chinese and other Asian studies
The Australian, 27 Sep 2017
“If we want to produce Asian expertise from our universities we must have students at tertiary level who have a head start in Asian languages and familiarity with the background of the region,” Elaine McKay wrote in 1990. “We must get it right in the schools if this present wave in favour of Asian studies is to succeed.”
68 Things You Cannot Say on China’s Internet
New York Times, 24 Sep 2017
In a directive circulated this summer, the state-controlled association that polices China’s fast-growing digital media sector set out 68 categories of material that should be censored, covering a broad swath of what the world’s largest online audience might find interesting to read or watch.
11 giant pandas take first baby step in public
China Daily, 29 Sep 2017
Eleven giant pandas born this year make their debut at the Chengdu Research Base of Giant Panda Breeding in Chengdu, Southwest China's Sichuan province, Friday, Sept 29, 2017, ahead of the National Day. With 184 captive giant pandas, the base is world's biggest center for giant pandas.
Dilraba Dilmurat spotted in Milan fashion week
China Daily, 30 Sep 2017
Chinese pop star Dilraba Dilmurat takes part in the Dolce and Gabbana show during the 2017 Milan fashion week on Sept 24