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…

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 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…

Labor plans joint ventures with China in Australia’s north

Labor could enter jointly funded infrastructure ventures with the Chinese government in Australia’s north under Beijing’s Belt and Road initiative, all as part of an escalated embrace of Asia, should it win the next election. Shadow treasurer Chris Bowen will today propose coordinating the $5 billion Northern Australia Infrastructure Fund with the Belt and Road…

China eyes new Sydney airport as part of ‘belt and road’ plan

China is eyeing Sydney’s new airport as a potential project that could be linked to its trillion dollar “One Belt, One Road” infrastructure plan, according to a government-linked think tank. The interest in Sydney infrastructure follows Canberra’s decision to keep its $5 billion Northern Australia development plan separate from OBOR, despite a push from Beijing…

Aviation outrage over Chinese ownership of Merredin airport

Merredin airport in Western Australia is effectively under the control of a Chinese government enterprise, prompting outrage in aviation circles, as safety concerns shut down its pilot training school. The airport’s runways, control tower, hangars and all of its assets are 50 per cent owned, and may soon be fully owned, by China’s biggest airline,…

Chinese warn of consumer-led Australian products boycott over worsening relations

Chinese officials have warned of a consumer-led boycott of ­Aus­tralian products following the breakdown in relations ­between the two countries, ­fuelled by Malcolm Turnbull’s foreign interference laws and pushback against ­Chinese influence in the Asia-Pacific region. The Australian understands there have been talks in China about indirectly pulling economic levers — potentially targeting consumer products,…

Australian universities accused of sharing military technology with China

The Defence Department has been accused of turning a blind eye to universities illegally sharing military technology with China. Former senior defence official Peter Jennings has told AM there was a “likelihood” universities were breaking strict export controls on technology that could be used for military purposes. Growing mistrust of Australia He said the time…