The Wild Wild East 30 May

Property

Homeloans, Bankwest tighten rates and terms for property borrowers

AFR, 17 May 2018

ASX-listed lender Homeloans and CBA-owned Bankwest are the latest lenders to tighten rates or conditions for residential property borrowers.

http://www.afr.com/business/banking-and-finance/homeloans-bankwest-tighten-rates-and-terms-for-property-borrowers-20180516-h105wy

 

Expats snap up trophy properties as dollar and prices fall

AFR, 18 May 2018

Cashed-up expatriates are making the most of the falling Australian dollar and weakening property prices to snap up trophy properties in prestige postcodes costing upwards of $5 million.

http://www.afr.com/personal-finance/expats-snap-up-trophy-properties-as-dollar-and-prices-fall-20180517-h10686

 

Demand from foreign buyers to surge in next decade, says global head of residential at Knight Frank

Domain, 18 May 2018

Australia’s housing market has seen nothing yet when it comes to demand from foreign buyers, according to a senior executive at one of the world’s largest property consultancies.

https://www.domain.com.au/news/demand-from-foreign-buyers-to-surge-in-next-decade-says-global-head-of-residential-at-knight-frank-20180516-h105w5/

 

Macau | Australian real estate sparking large interest from Macau buyers - Industry insiders

Macau Business, 18 May 2018

The possibility of better investment yield, higher-profile tenants and longer lease contracts have led to a spur in interest by Macau investors in Australian real estate industry, insiders told MNA

http://www.macaubusiness.com/macau-australian-real-estate-sparking-large-interest-from-macau-buyers-industry-insiders/

 

 

Currency & Financial

Investors slam banks' short-term profit focus

The Australian, 16 May 2018

BANKING ROYAL COMMISSION. Investors slam banks' short-term profit focus ... Mark Delaney, chief investment officer of the $130 billion ...

https://www.theaustralian.com.au/business/banking-royal-commission/investors-slam-banks-shortterm-profit-focus/news-story/fad02120b1228a13e487ea2dda071800

 

Port Adelaide teams up with Chinese tycoon to kick business goals

AFR, 18 May 2018

The Port Adelaide Football Club hopes to score goals where many other Australian companies have failed.

http://www.afr.com/news/policy/foreign-affairs/port-adelaide-teams-up-with-chinese-tycoon-to-kick-business-goals-20180517-h1068q

 

UPDATE 1-Australia's CBA exits China insurer with $503 mln stake sale to Mitsui

Reuters, 23 May 2018

May 23 (Reuters) - Commonwealth Bank of Australia (CBA) is selling its 37.5 percent stake in a Chinese life insurer to Japan’s Mitsui Sumitomo Insurance Co for 3.2 billion yuan ($502.67 million), in a bid to simplify its portfolio and focus on its core banking business.

https://www.reuters.com/article/bocommlife-stake-mitsui-sumitomo-insuran/update-1-australias-cba-exits-china-insurer-with-503-mln-stake-sale-to-mitsui-idUSL3N1ST5N8

 

 

Agriculture

Chinese wine import slowdown due to paperwork changes: McWilliam's

The Australian, 20 May 2018

Mr McWilliam said it appeared much of the slowdown in shipments of Australian winethrough key ports was being caused by Chinese customs ...

https://www.theaustralian.com.au/business/chinese-wine-import-slowdown-due-to-paperwork-changes-mcwilliams/news-story/f2d9812df91637236e6707919982d05f

 

Australia-China rift spills into customs delays for Treasury Wine exports

Reuters, 17 May 2018

SYDNEY (Reuters) - Australia’s Treasury Wine Estates Ltd, the world’s biggest listed winemaker, said it faced delays getting some products through Chinese customs, sending its shares tumbling amid fears it may be affected by a diplomatic dispute.

https://www.reuters.com/article/us-australia-china-treasury-wine/australia-china-rift-spills-into-customs-delays-for-treasury-wine-exports-idUSKCN1II08N

 

Farm ownership Australia: Major investor profiles

The Weekly Times, 22 May 2018

GET to know the major players who are muscling into Australian farmland ownership as revealed by a special Weekly Times investigation.

https://www.weeklytimesnow.com.au/news/national/farm-ownership-australia-major-investor-profiles/news-story/54911dd1181ad03f79dc145518941bef

 

 

Resources

Renewable energy investment surges as Australia on track to exceed RET

AFR, 16 May 2018

Investor appetite for renewable energy projects, such as large-scale solar and wind projects, is set to help Australia exceed its 2020 Renewable Energy Target two years ahead of schedule.

http://www.afr.com/news/politics/renewable-energy-investment-surges-as-australia-on-track-to-exceed-ret-20180514-h101vo

 

 

Retail & Tourism

Retailers still face challenges in cross-border e-commerce

Australia China Business Review, 15 May 2018

A clear majority of Australian retail players active in China view the country as a lucrative market, yet just 20 per cent of respondents to a study on cross-border shopping are happy with their online market reach, according to new research.

https://www.acbr.com.au/retailers-still-face-challenges-cross-border-e-commerce

 

Australia's trade minister says China ties a priority after recent 'differences'

Reuters, 16 May 2018

SYDNEY (Reuters) - Australia’s trade minister will use a visit to China this week to reinforce ties with his country’s largest trading partner, he said on Wednesday, following a recent souring in relations.

https://www.reuters.com/article/us-china-australia/australias-trade-minister-says-china-ties-a-priority-after-recent-differences-idUSKCN1IH0ML

 

Australian stores limit baby formula as China demand hits stocks

The Straits Times, 16 May 2018

SYDNEY (AFP) - One of Australia's biggest supermarket chains said Wednesday (May 16) some stores were moving baby formula behind counters and restricting sales as it emerged customers were clearing shelves and selling it online in China for more than double the price.

https://www.straitstimes.com/asia/australianz/australian-stores-limit-baby-formula-as-china-demand-hits-stocks

 

Competition heats up for a2 Milk Company

Australia China Business Review, 16 May 2018

Stay-at-home mother Anna Wei wanted the best milk formula to feed her firstborn, so she chose the most expensive brand her money could buy: Platinum by a2 Milk Company Ltd.

https://www.acbr.com.au/competition-heats-a2-milk-company

 

 

Education

Industry pioneer Rod Jones targets new era in education

Australia China Business Review, 21 May 2018

Instead of riding off into the sunset after building a billion-dollar juggernaut, international education pioneer Rod Jones is embracing one of his biggest professional challenges.

https://www.acbr.com.au/industry-pioneer-rod-jones-targets-new-era-education

 

 

China Domestic
Chinese airliner makes emergency landing after cockpit window falls out nearly sucking co-pilot out of cabin

CNBC, 14 May 2018

An airliner was forced to make an emergency landing in southwest China after part of the cockpit window fell out in mid-flight.

https://www.cnbc.com/2018/05/14/chinese-airliner-makes-emergency-landing-cockpit-window-falls-out.html