China push to buy 45 year old Liddell coal plant

The Chinese conglomerate that controls Australia’s largest cotton farm has approached Malcolm Turnbull’s office to ­express interest in buying the Liddell coal-power plant in the NSW Hunter Valley. UPDATED: Tony Abbott and Barnaby Joyce have both used the Coalition partyroom meeting to urge Malcolm Turnbull to do more to keep the Liddell coal power station…

Chinese lining up for Australian agriculture businesses: HSBC

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. The global banking giant is expanding its operations in Australia to play a much bigger role in the sector and to strengthen its connection to…

Strategic issues at play in Chinese Port of Newcastle deal

China’s “One Belt, One Road” initiative has attracted global suspicion as a potential means by which the country may gain strategic control of trade links. It is in that context that last week’s report by Andrew White in The Australian, noting the transfer of ownership of 50 per cent of the Port of Newcastle from…

Hong Kong investor pays $6.48m for Byron’s Lawson Arcade

A Hong Kong based private investor has paid $6.48 million on a tight 4.7 per cent yield for Lawson Arcade, a prized retail asset in the heart of Byron Bay, one of Australia’s most popular beach resorts. Teska Carson Director Michael Ludski, who brokered the deal with Byron Bay Property Sales’ Kath Vaubell, said the…

Chinese buyers pay top dollar for Hawkesbury properties

The sale of Windsor’s Lachlan Court building to a Chinese buyer is part of a trend happening around the Hawkesbury. The $9.5m figure achieved was only possible by marketing it overseas, selling agent David Lee from Leaders Estate Agents at Gladesville told the Gazette on Thursday. “Local developers could only come up with $6m,” he said….

Chinese buy Aussie gene mine

A world-leading genetic resource created in Western Australia has been sold to Chinese buyers. The “gene mine” that helps researchers rapidly map and identify genes linked to human diseases has been snapped up by China’s leading animal sciences institute and medical school in a $US2 million ($2.56m) sale. Lead researcher Grant Morahan, of the Harry…

Chinese developer’s billion-dollar proposal would move Sydney motorway

A wealthy Chinese developer is pushing the New South Wales Government to overhaul its plans for billions of dollars in infrastructure around Badgery’s Creek Airport to make way for a bold development proposal. The 344 hectare parcel of prime land north of Elizabeth Drive at Badgery’s Creek is owned by accused murderer Ron Medich and…

Historic landmark mansion sold $52.5m suspected offshore Chinese buyer

A historic Melbourne mansion that was once Victoria’s Government House and the home to governors has changed hands for $52.5 million, smashing the state’s residential price record. Art dealer Rod Menzies has sold Stonington mansion at 336 Glenferrie Road in the prestigious southeastern suburb of Malvern, public records show. The buyer is listed as the…

China an ‘extreme’ threat to Australia: ASIO

China is listed as an “extreme” threat on a secret country-by-country counter-intelligence index compiled by Australia’s domestic spy agency. ASIO’s Deputy Director-General Counter-Espionage and Interference Peter Vickery told parliament today the level of espionage and foreign interference in Australia was now worse than at the height of the Cold War. “We do have examples, current…