The Wild Wild East 20 December 2017

Property

Stamp duty surcharge ‘may put CBD residential development in jeopardy’

The Australian, 11 Dec. 2017

Foreign property investors are urging the South Australian government to grant them an exemption from a new surcharge on buying apartments in Adelaide’s CBD, warning that the market could otherwise collapse.

http://www.theaustralian.com.au/news/nation/stamp-duty-surcharge-may-put-cbd-residential-development-in-jeopardy/news-story/e18ddc49df1938dec3aca87e2d757e5b

 

Property developer forges ahead with $1.5bn portfolio with HSF’s help

Australasian Lawyer, 11 Dec. 2017

Herbert Smith Freehills (HSF) is acting for a property developer on a portfolio in Sydney that will eventually be valued at over $1.5bn.

https://www.australasianlawyer.com.au/news/property-developer-forges-ahead-with-1-5bn-portfolio-with-hsfs-help-244715.aspx

 

Sydney pulls Australian national house prices lower, ABS figures show

Domain, 12 Dec. 2017

Capital city house prices have fallen, driven by the sharpest fall in prices in Sydney in two years.

https://www.domain.com.au/news/sydney-pulls-australian-national-house-prices-lower-abs-figures-show-20171212-h032dy/

 

Australian housing markets hurt by Chinese capital outflow restrictions

Global Property Guide, 14 Dec. 2017

Restrictions on capital outflows have made it difficult for Chinese buyers to settle investments in Australian properties, forcing them to sell homes they have under contract at sharp discounts. 

http://www.globalpropertyguide.com/news-Australian_housing_markets_hurt_by_Chinese_capital_outflow_restrictions-3353

 

 

Currency & Financial

China businesses wary of Australia's 'suspicious attitude' amid political row

SMH, 12 Dec. 2017

Beijing: Chinese businesses are concerned that "anti-China" sentiment in Australia will put investments at risk or block Chinese energy deals, it has been reported.

http://www.smh.com.au/world/china-businesses-wary-of-australias-suspicious-attitude-amid-political-row-20171212-h038k5.html

 

Australia's Crown Resorts signs several deals to cut debt

The Business Times, 14 Dec. 2017

[SYDNEY] Australian casino operator Crown Resorts said on Thursday it had signed several deals to divest assets to cut debt, including selling interest in a site on the Las Vegas Boulevard for US$300 million.

http://www.businesstimes.com.sg/real-estate/australias-crown-resorts-signs-several-deals-to-cut-debt

 

Investments can be good Christmas gifts, Canstar expert says

News.com.au, 15 Dec. 2017

SHOPPERS stuck for Christmas ideas for loved ones could consider a gift that keeps on giving, in investment returns.

http://www.news.com.au/finance/money/investing/investments-can-be-good-christmas-gifts-expert-says/news-story/4d0e67368ee86b61efd8ea4cdcc009a1

 

'Short-sighted': Chinese businesses fear backlash over Turnbull's interference claims

SBS, 16 Dec. 2017

Chinese businesses have warned that Australian politicians must stop using China as a political football or risk losing business.

https://www.sbs.com.au/news/short-sighted-chinese-businesses-fear-backlash-over-turnbull-s-interference-claims

 

 

Agriculture

China targets Kilikanoon in corker of a deal

The Australian, 12 Dec. 2017

This week that changed when the board of Changyu Pioneer, China's oldest winemaker, approved the purchase of 80 per cent of South Australia's prestigious Kilikanoon Estate. 

http://www.theaustralian.com.au/business/companies/china-targets-kilikanoon-in-corker-of-a-deal/news-story/3e8aa1875b43408c3e19a6e161f1c498

 

Chinese take bigger stakes in Australian livex companies in 2017

By James Nason, 14 December 2017

A wave of direct investment by Chinese and other Asian companies into Australian livestock exporting businesses has been a prominent trend in the livestock export sector this year.

https://www.beefcentral.com/live-export/chinese-buyers-take-bigger-stakes-in-aus-live-export-companies-in-2017/

 

Richest Australian Gina Rinehart talks about Kidman ahead of first anniversary of takeover

The Advertiser, 17 Dec. 2017

AUSTRALIA’S richest person, Gina Rinehart, has outlined a multimillion-dollar investment in animal welfare and technology in the Kidman cattle empire ahead of the first anniversary of her takeover.

http://www.adelaidenow.com.au/business/richest-australian-gina-rinehart-talks-about-kidman-ahead-of-first-anniversary-of-takeover/news-story/1541e5959fd9f4fd356cf7084bd705b3

 

Chinese lining up for Australian agriculture businesses: HSBC
AFR, 17 Dec. 2017

HSBC says asset hungry Chinese businesses are lining up to invest in Australian agriculture because of food production quality and tariff reductions under the free trade agreement between the two countries.
http://www.afr.com/business/chinese-lining-up-for-australian-agriculture-businesses-hsbc-20171216-h05z3p

 

 

Resources

China Energy’s Bid for Australian Energy Explorer AWE Challenged by Perth Firm

Bloomberg, 11 Dec. 2017

A bidding war has emerged for Australian oil and gas explorer AWE Ltd. after Perth-based Mineral Resources Ltd. made an all-share takeover offer, challenging an increased all-cash bid by China Energy Reserve & Chemicals Group Co.

https://www.bloomberg.com/news/articles/2017-12-10/china-faces-battle-for-australia-s-awe-as-mineral-resources-bids

 

 

Retail & Tourism

Chinese visitors push South Australia’s tourism spend to more than $1.1 billion

The Advertiser, 11 Dec. 2017

A “PHENOMENAL” surge in cashed-up Chinese tourists has helped lift annual spending by international visitors to South Australia to a record $1.1 billion, new figures show.

http://www.adelaidenow.com.au/news/south-australia/chinese-visitors-push-south-australias-tourism-spend-to-more-than-11-billion/news-story/7014af5cc43601196183580ba94d54e3

 

Chinese oust Kiwis as top visitors to Australia

The Australian, 11 Dec. 2017

Chinese tourists spent a record 10.3 billion buying Australian goods and services , positioning them as the nations most valuable and fastest growing inbound travellers over the past year.

http://www.theaustralian.com.au/national-affairs/foreign-affairs/chinese-oust-kiwis-as-top-visitors-to-australia/news-story/b9c357b4887b9ed3f385bb2d432ab3ff

 

 

Education

Calls for regulation of universities partnering with military-linked foreign companies

The Guardian, 16 Dec. 2017

Australian academics have called for tougher rules around university partnerships with foreign corporations and researchers, including a potential list of banned entities with strong military links.

https://www.theguardian.com/australia-news/2017/dec/16/calls-for-regulation-of-universities-partnering-with-military-linked-foreign-companies

 

 

China Domestic

National treasures come alive on latest TV show

China Daily, 04 Dec. 2017

A large-scale cultural exploration program National Treasure made its debut on Channel 3 of China Central Television on Sunday night.

http://www.chinadaily.com.cn/a/201712/04/WS5a24e559a31053764feb776f.html

 

Gay or Nay: China’s Changing Attitudes Toward Homosexuality

Sixth Tone, 09 Dec. 2017

Fewer and fewer Chinese actively oppose equal rights for gay people.

http://www.sixthtone.com/news/1001348/Gay%20or%20Nay:%20China’s%20Changing%20Attitudes%20Toward%20Homosexuality/