Foreigners underpin Melbourne's land boom
AFR, 28 August 2018
Immigrants are underpinning Australia's largest house and land market, with more than 65 per cent of second-quarter greenfield land sales in Melbourne to buyers born outside Australia, figures from consultancy Oliver Hume show.
Westpac first big Australia lender to raise mortgage rates
Business Times, 29 August 2018
[SYDNEY] Westpac Banking Corp raised its key mortgage rate, the first of the nation's biggest banks to decide passing on higher funding costs is worth the risk of further reputational damage.
Sydney, Melbourne office markets head to peak on hot offshore demand
The Australian, 31 August 2018
Two of Australias best known office blocks have been put up for sale this week, Sydneys Chifley Tower and the new development around ...
Currency & Financial
Australian shares fall on fear U.S.-China trade fight to worsen; NZ down
Reuters, 31 August 2018
Aug 31 (Reuters) - Australian shares fell on Friday, as investors feared an escalation in U.S.-China trade frictions and sold telecom shares that advanced a day earlier on a merger deal announced by TPG and Vodafone’s Australian unit.
Northern Territory seeks to woo China on business visit
AFR, 31 August 2018
While the federal government has taken a guarded position when it comes to Chinese investment in Australia, the Northern Territory says it will welcome the nation's biggest trading partner with open arms.
Bubs Australia Ltd (ASX:BUB) shares climb higher on China deal
The Motley Fool, 31 August 2018
After a slow start to the day, in afternoon trade the Bubs Australia Ltd (ASX: BUB) share price has pushed higher.
Virgin investor HNA cuts debt, eyes more asset sales
AFR, 02 Sep. 2018
Even though HNA has managed to reduce one of China's biggest debt piles by selling off dozens of assets, the embattled Chinese conglomerate will probably need to get much slimmer before regaining the trust of investors.
Tariff elimination to boost Australian cherries in China, says importer
Fresh Fruit Portal, 31 August 2018
Australian cherries are set to benefit from the elimination of tariffs in the Chinese market from the start of next year, according to one importer.
Barossa Valley vineyards and wineries attract Chinese investors ...
Adelaide Now, 31 August 2018
Chinese investors have splashed out close to $37 million on Barossa ... swathes of prime real estate across the state's premier wine regions.
Coronado Coal prepares for $1b IPO
The Australian, 28 August 2018
US private equity firm Energy and Minerals Group (EMG) is planning an A$1 billion initial public offering of Australia's Coronado Coal, two people with knowledge of the plan say.
Retail & Tourism
UPDATE 2-Australia's Blackmores profit jumps as China-direct strategy boosts sales
Reuters, 28 August 2018
SYDNEY, Aug 28 (Reuters) - Australian vitamin maker Blackmores Ltd said on Tuesday annual net profit jumped nearly a fifth, sending its shares up the most in 10 months, as a strategy of sidestepping Chinese shopping agents and selling direct to the mainland paid off.
Steps to Register a WeChat Official Account Under an Overseas Business Entity
China Skinny, 28 August 2018
Tencent recently made a change that allows overseas business to set up their own WeChat Official Account(s) to reach mainland Chinese WeChat users. It doesn’t allow WeChat Pay or APIs yet, but it has the core WeChat features.
UPDATE 2-China sales approval delay hits Australia infant formula firm Bellamy's outlook
Reuters, 29 August 2018
SYDNEY, Aug 29 (Reuters) - Infant formula maker Bellamy’s Australia Ltd warned that a delay in securing a permit to sell directly in Chinese shops would slow revenue growth for as long as two years, denting a dramatic turnaround at the one-time market darling.
Tourism provides launch pad for business growth in China
SMH, 03 Sep. 2018
Creswick Woollen Mills has been a Victorian family business for more than 70 years, but these days the company is looking to China to drive its growth.
Chinese students treated as cash cows at Australian universities
AFR, 29 August 2018
Australian universities have failed to properly integrate Chinese students into campus life, treating them as a commodity to raise revenue, a problem likely to hurt future international enrolments.
Man Charged $5,850 for Haircut Becomes China’s Latest Meme
Sixth Tone, 31 August 2018
When 18-year-old real estate agent Wu Zhengqiang walked into a salon in Hangzhou on Tuesday, he expected to get a haircut. What he didn’t expect was a bill of nearly 40,000 yuan ($5,850), or for the experience to turn him into a top-trending meme on Chinese social media.