News 2024

Air New Zealand announces next generation aircraft
December 2023

Air New Zealand has today announced the ALIA as the airline's first purchase of a next generation aircraft in its Mission Next Gen Aircraft programme.

Designed by electric aerospace company BETA Technologies, the battery-powered all-electric aircraft is expected to join Air New Zealand's fleet in 2026. Air New Zealand is purchasing the conventional take-off and landing version of the ALIA.

The announcement follows an 18-month period of evaluation and diligence by Air New Zealand. Through the airline's Mission Next Gen Aircraft programme, it sought and received ideas and insights from 30 organisations, selecting four partners to work closely with on its goal of launching commercial flights using next generation aircraft in 2026. BETA's ALIA is the first commercial order in the programme.

Air New Zealand will initially operate the aircraft as a cargo only service in partnership with New Zealand Post, on a route being selected through an expressions of interest (EOI) process with airports across Aotearoa.

Air New Zealand Chief Executive Officer Greg Foran says the purchase cements Air New Zealand's commitment to flying lower-emissions aircraft in New Zealand.

"This is a small but important step in a much larger journey for Air New Zealand. There is a lot of work ahead of us, but we are incredibly committed, and this purchase marks a new chapter for the airline."

"Decarbonising aviation isn't easy, and we have a lot of work to do. We need to accelerate the pace of change in the technology, infrastructure, operations and regulation."

"While this aircraft will add to, not replace our existing fleet, it is a catalyst for that change. By flying the ALIA, we hope to advance our knowledge and the transformation needed in the aviation system in Aotearoa for us to fly larger, fleet replacing, next generation aircraft from 2030."

BETA Chief Executive Officer Kyle Clark says he applauds Air New Zealand's approach to decarbonising aviation.

"Air New Zealand is hyper focused on bringing technologies to scale as quickly as possible, both to meet its own ambitions to decarbonise and to change the broader aviation landscape."

"Over the past year plus of partnership, collaboration, and diligence, we've seen Air New Zealand's forward-thinking, yet pragmatic and methodical approach to innovation."

"We are gratified by the airline's confidence in our technology as a solution that will meet their operational needs and look forward to continuing to work hand-in-hand as we bring the ALIA to market for 2026."

Air New Zealand and Cathay Pacific celebrate 10 year partnership
December 2023

Cheers to ten incredible years! Cathay Pacific and Air New Zealand are thrilled to celebrate a decade of partnership, connecting two vibrant destinations and providing unforgettable travel experiences between New Zealand and Hong Kong.

Since the establishment of the alliance in 2013, seamless connectivity has been at the heart of the collaboration, making it easier for travellers to explore the best of New Zealand and Hong Kong.

The airlines currently operate 11 flights to Hong Kong per week, which will be increasing to 16 services between December and February. Throughout its ten years in partnership, the airlines have carried more than three million customers between New Zealand and Hong Kong.

The decade-long alliance between the carriers gives customers more choice with frequent services, competitive fares, reciprocal frequent flyer benefits, and enhanced connectivity from both carrier networks.

The partnership also ensures that customers have access to the award-winning services of both airlines. From chef-designed menus to extensive entertainment options, and impeccable service, passengers can expect nothing less than excellence throughout their journey.

Cathay Pacific Regional General Manager Frosti Lau says the 10-year alliance is a testament to the power of collaboration.

"This demonstrates how two industry-leading airlines can join forces to create an exceptional travel experience. We are immensely proud of what we have achieved together, and we look forward to further enhancing our partnership in the years to come."

Air New Zealand Chief Transformation and Alliances Officer Mike Williams says the decade of partnership showcases the strong relations between the two airlines.

"This milestone demonstrates the enduring relationship between Cathay Pacific and Air New Zealand. We have been privileged to work together to bring our passengers an unmatched level of service and connectivity. As we celebrate ten incredible years, we are excited about the future and the new possibilities that lie ahead."

Cathay Pacific and Air New Zealand look forward to working together for years to come.

Air New Zealand working with Starlink to redefine domestic travel
December 2023

In a step toward transforming the way we travel in New Zealand, Air New Zealand is working with the revolutionary satellite internet service provider, Starlink, to introduce free internet onboard domestic aircraft.

Starlink will be installed on a domestic jet and, in a world first, on an ATR in late 2024. After a successful trial, Air New Zealand will look to roll out Starlink internet on other aircraft in its domestic fleet in 2025.

Starlink offers reliable high-speed, low latency in-flight internet. With latency as low as 30ms, all passengers will be able to use internet like never before. From streaming video content to working while onboard, and instantly messaging friends and family with multiple devices connected, Air New Zealand customers will be able to access internet as if they were in their lounge at home.

Air New Zealand Chief Digital Officer Nikhil Ravishankar says the partnership demonstrates the airline's commitment to delivering exceptional customer experiences at every point of their journey.

"We're always looking at how new and innovative technology can deliver improved customer experiences and with the world's largest satellite constellation, exploring in-motion connectivity on our aircraft with Starlink was a no brainer.

"Whether travelling for work or leisure, we know maintaining seamless internet connectivity is something that will transform the travel experience for customers. Our free and accessible WiFi onboard international flights has proved incredibly popular among customers, so we can't wait to bring connectivity to domestic flights.

"Don't worry though, if you're the type of traveller who loves some downtime while in the air, you're under no obligation to connect and can still use the time to switch off from the world below!"

Jason Fritch a Vice President of Starlink at SpaceX says, "We're proud to work with Air New Zealand to bring Starlink's high-speed internet to their aircraft and extend this game-changing in-flight connectivity experience to more passengers around the world."

Crown Worldwide Group : Collaboration and knowledge key to decarbonization
November 2023

This week sees the start of COP28, the 2023 edition of the United Nations Climate Conference. The world will convene at Expo City Dubai, in the UAE, to take stock of the ambitious targets set out in the Paris Agreement at COP21, which seeks to limit global warming to 1.5 degrees, compared to pre-industrial levels.

To achieve that target, carbon emissions must be halved between now and 2030. And with just seven years to do that COP28 is being positioned as a further opportunity to “rethink, reboot, and refocus the climate agenda”.

As the conference gets underway and as 2023 draws to an end, I have taken the opportunity to reflect on the progress that we have made in our own drive to reduce our carbon impact.

We strongly believe that collaboration and knowledge are critical – not just to Crown, as we begin to substantially step up our own decarbonization efforts – but to global action. It is undisputed that to tangibly drive down carbon emissions, leaders of countries the world over need to be aligned.

But let’s focus for now on what collaboration and knowledge means to us at Crown Worldwide Group.
The power of coming together

Collaboration is critical at every level – and we see with causes of all shapes and sizes that when people unite, action is greater. One of the key steps we’ve taken at Crown this year has been to designate sustainability as a strategic priority and build an extended team committed to reducing our environmental impact.

My appointment was one step in that process, and I’m delighted to be working with Crown’s board on ensuring we deliver sustainable value. We have also established a global sustainability committee, comprising focused and passionate senior individuals from across our global family. They are working on a series of initiatives aimed at moving the company forward in its bid to decarbonize.

One of those key projects has been to develop a network of carbon champions. Crown is a diverse company, employing 3,000 people and operating across more than 40 different countries. Having incentivized and engaged individuals in all of our locations, driving action in line with our broader aims, is an essential part of our program.

This collaboration, across all levels and brands within Crown Worldwide Group, will ensure a joined-up and impactful approach.
But it is important that collaboration extends beyond our own house. We occupy a unique position in a globalized industry, a huge network of organizations responsible for moving people, goods and information from A to B. This means we need to connect with clients and, in particular, partners to ensure we join forces to reduce impact. We have started that work to engage partners, collaborate with clients and foster a community that is united in its desire to reduce carbon footprint.

Knowledge and data

We recognize, too, that making pragmatic and informed decisions around reducing our own emissions relies on data and knowledge.
The latter is intrinsically linked to collaboration: how can we foster positive collaboration if we don’t know what we’re working to achieve and why?

This year, we have embarked on a program aimed at enhancing the knowledge of our people. So far this work has seen staff complete 2723 courses, amounting to 2504 hours of sustainability training. One hundred and thirty-one staff have now been certified carbon literate. This means we are building a base of inspired and informed colleagues, unified behind the climate cause and armed with the knowledge that will help power our effort to reduce carbon emissions.

When it comes to data, we have partnered with Normative, a carbon accounting software platform in 2023, to begin to more accurately tracking our carbon footprint. The database that we build using this platform will enable us take stock of what we’re currently doing well, and where, and then build a net-zero strategy throughout 2024.

That’s not to say that we’ve been standing still in recent years. These two key initiatives will enable our organization to build on the good work and expertise already undertaken in various quarters of our operations. Last year, the UK team reported that it has achieved a 38 per cent reduction in carbon emissions since 2019, deploying a number of initiatives in the process. Our team in Malaysia and New Zeland have set net zero targets, while we’re in the process of procuring renewable energy and integrating electric vehicles into our fleets, to power our operations across the world.

COP28 and beyond

The corporate world is taking a lead to ensure businesses and organizations make the most positive contribution possible to the Paris Agreement’s goals. As leaders and legislators convene in Dubai, we’re proud to be driving forward with our own strategic initiatives – powered by collaboration and knowledge – as the climate emergency heightens, and increased action becomes imperative.

Mainfreight : Celebrating GDP Certification Milestone in Malaysia and Shanghai Branches
December 2023

Gallagher Security secures the world's largest office building in Surat, India
December 2023

Gallagher Security is proud to be securing the world’s largest commercial office building as India’s Surat Diamond Bourse (SDB) officially opens its doors.

Described as a ‘one-stop’ destination for over 65,000 diamond professionals, the newly opened SDB is a 15-story complex, spread across more than 35 acres, and comprising over 7.1 million square feet of floor space. SDB is the world’s largest single complex, consisting of nine towers and containing an independent customs office, international banking facilities, and diamond-testing laboratories, among other businesses.

Gautham N.V., Gallagher Head of Sales and Marketing India, says, “Gallagher Security’s award-winning site management platform Command Centre was chosen to secure the complex and provide a seamless, integrated security experience that prioritises security, safety, and convenience for staff and visitors. The Surat Diamond Bourse features more than 700 doors, 650 readers, and multiple system integrations specific to this unique project. Gallagher is proud to be securing the world’s largest office building and we congratulate everyone involved in bringing this project to life.”

“Gallagher Command Centre was the preferred solution for the SDB project, providing encrypted high-end security and cyber protection, a streamlined approach to site management, and seamless third-party integration capabilities including our partner IDEMIA’s biometric readers, Verint C41 command application and single sign on and IT management solutions,” adds Gautham.

The official inauguration of SDB took place on December 17th and was officiated by India’s Prime Minister, Shri. Narendra Modi.

Trusted to protect some of the world’s most critical infrastructure, Command Centre is designed to integrate seamlessly with a wide variety of systems and hardware, creating a single operating platform which manages total site security.

Swiss-Belhotel International Continues Expansion in Africa with Second Property in Nairobi
November 2023

Swiss-Belhotel International, has announced the signing of its second property in Nairobi, further establishing its presence in the Kenyan capital. This exciting development comes less than a month after the signing of its previous hotel in the city.

The renowned Nairobi Safari Club, situated in the heart of Nairobi's Central Business District, will be rebranded as ‘Nairobi Safari Club by Swiss-Belhotel’. The transition, culminating in a full takeover, is slated for 1st March 2024. Initially, the focus will be on embedding Swiss-Belhotel International's standards and minimal branding, with subsequent plans to refine the property's offerings.

Built in 1984, Nairobi Safari Club is Nairobi's only all-suite hotel and stands as a landmark in the city's central area. The 4-star property boasts 146 rooms, ranging from studio and panorama rooms to executive and presidential suites. The hotel also offers extensive conferencing facilities, including exclusive private rooms on the top floor.

The hotel is owned by Mukawa (Hotels) Holdings Limited.

The Directors of Mukawa (Hotels) Holdings Limited, Clare Njeri Githunguri and Lilian Joy Nyagaki Githunguri, expressing their delight, stated, “Joining forces with Swiss-Belhotel International is not just a business decision, but a commitment to elevating the Nairobi Safari Club experience and setting new hospitality benchmarks. The fusion of our legacy with Swiss-Belhotel International’s global expertise will craft a distinctive hospitality experience for travellers in Nairobi.”

This strategic signing by Swiss-Belhotel International not only amplifies its presence in the African continent but also aligns with its broader vision of capitalizing on emerging markets with robust potential.

Mr. Gavin M. Faull, Chairman and President of Swiss-Belhotel International, stated, "As the tourism industry continues to grow in Africa, we are seeing an increased appetite for our world-class brands from hotel owners in the continent. Our accelerated growth trajectory in Nairobi reflects our confidence in the Kenyan market. The addition of Nairobi Safari Club into our portfolio places us in a great position to contribute to the diversification of the country’s tourism sector.”

Laurent A. Voivenel, Senior Vice President – Operations & Development, EMEA & India, and Senior Vice President – Group Human Resources & Talent Development at Swiss-Belhotel International, added: "This is a significant milestone for us. With an eye on the changing market dynamics, we are strategically building our portfolio to inspire more guests to experience our brands and hotels. Nairobi Safari Club's iconic status combined with Swiss-Belhotel's operational excellence will undoubtedly create a unique hospitality offering in the heart of Nairobi.”

Comvita's ™ charity partner, Saving the Wild, provided inspiration for Margot Robbie's film
December 2023

Comvita ™ has announced that Jamie Joseph, Director of Saving the Wild, the brand's philanthropic partner, has inspired the new film from Margot Robbie and his production company, LuckyChap. Margot Robbie, a two-time Oscar nominee and co-founder of LuckyChap, has worked on some of the world's leading Hollywood films, including Birds of Prey: Harley Harley Quinn, Ice Girl, and Barbie, all of which have quickly amassed over $1 billion at the global box office.

Currently titled Manaka, the new film is an action thriller written by Thomas "Eromose" Ikimi, director of the Tribeca Film Festival film 88, which portrays Jamie's story as an avid wildlife home.

Since 2019, Saving the Wild has partnered with Comvita ™ to keep African land safe by breeding bees. Saving the Wild's work is far more dangerous than bee stings, and Jamie Joseph has spent nearly eight years in South Africa campaigning against rhino poaching groups. South Africa is home to about 80% of the world's rhino population, but rampant rhino horn poaching has led to an alarming decline in rhino populations over the past decade.

During the Australian bushfires in January 2020, Jamie Joseph also went to the frontline to join the rescue efforts and provide wildlife veterinarians and caregivers with Comvita MEDIHONEY Medical Grade Antibacterial Honey Ointment, which heals koalas, kangaroos and wombats suffering burns and cuts through the powerful antimicrobial power of Comvita ™ ™MEDIHONEY™™ Medical Grade Antibacterial Honey Ointment.

Upon his return to New Zealand, Jamie Joseph officially partnered with Comvita ™ to provide annual financial support, as well as mentorship and support for the African Bee Farming Programme and support for Indigenous communities and nature.

David Banfield, CEO of Comvita ™, said: "Jamie Joseph is an inspiration to everyone on the team, and we are proud that her story has been heard internationally. We made our first connection when Jamie approached Comvita for help in treating rhinos injured by attempted poaching with Comvita ™ ™ Manuka honey."

"Comvita ™ will continue to support Jamie in protecting animals affected by bushfires in Australia, as well as bee projects in Africa and protecting local Aboriginal communities. For us, partnering with Saving the Wild is invaluable, and it aligns with our dedication to helping heal and protect the world. We are honored to be able to support Jamie on the ground and do our part to help her achieve her mission.

"It's not enough to stop poaching. If the animals have no place to live, they cannot be saved. Saving the Wild is fortunate to be working with Comvita ™ on their goal of protecting wild lands through bee farming, as they genuinely want to help nature by solving these problems. After all, nature is inseparable from all human beings."

Margot Robbie met Jamie Joseph in June 2018 and was immediately struck by Jamie Joseph's sense of purpose and legend of justice. Saving the Wild has worked tirelessly to hunt down rhino poachers, crack down on criminal syndicates, and uncover two of the largest poaching campaigns in two high-risk areas, Zululand and Kruger National Park.

At the time of the meeting, the Saving the Wild group was actively engaged in a mission to arrest Petros Mabuza, the leader of the Kruger Rhino Poaching Group. Three years later, Petros Mabuza was assassinated while on bail. But before that, Lieutenant Colonel Leroy Bruwer, a police investigator at Hawks Police (the South African Police's Priority Crime Investigation Bureau), was also shot dead on his way to work. But no one has been convicted of the murder of Lieutenant Colonel Leroy Bruwer at the moment.

Jamie Joseph added: "I'm just one of those who have been involved in stopping poaching, and I was very fortunate to be part of the film, sharing what Saving the Wild has always been aiming for, and being one of the ways to understand reality. Through this film, we want to pay tribute to every unsung hero who has been working with us, whether it's a forest ranger, police officer, or whistleblower, who is facing persecution from those with higher powers for exposing corruption. We also share our truth to raise public awareness of the crises they face and seek justice for them."

First trial using hydrogen to unlock emissions aviation in New Zealand
March 2024

Four New Zealand businesses have come together to trial using hydrogen in an aviation setting for the first time.

Air New Zealand, Wellington Airport, Toyota New Zealand, and Hiringa Energy have joined forces to trial using hydrogen to charge Air New Zealand's electric tugs and service vehicles at Wellington Airport.

Air New Zealand Senior Sustainability Manager, Jacob Snelgrove says the airline wants to pioneer the commercial deployment of green hydrogen-powered aircraft in New Zealand.

"Green hydrogen is starting to be used around the world as a low-emission fuel for buses, trucks, trains, and boats. Aircraft are the logical next step and successful test flights are already underway overseas. The biggest challenge here in New Zealand, is setting up the supply, transport and infrastructure to support fuelling the aircraft. This trial is an important first step to enable the development of that system."

"This is the first-time hydrogen has been used at an airport in New Zealand and is an important step on the long-term journey to decarbonise aviation," says Wellington Airport chief executive Matt Clarke.

"The trial will help us assess the viability of hydrogen for charging and give us a good insight into the operational challenges and opportunities."

The trial will be conducted using a hydrogen fuel cell provided by Toyota New Zealand. The fuel cell uses hydrogen to generate electricity, with supply coordinated by Hiringa Energy, a New Zealand-based clean energy company.

"It's a privilege to be supporting Air New Zealand and Wellington Airport in demonstrating the safe use of hydrogen for use in aviation, says Hiringa Energy Chief Executive Officer, Andrew Clennett.

"Green hydrogen has a significant role to play in decarbonising Aotearoa, and this programme is helping everyone to better understand the benefits of introducing hydrogen to airport operations as we prepare for hydrogen-powered aircraft in the future."

Toyota New Zealand Chief Executive, Neeraj Lala says the firm's introduction of its hydrogen fuel cell generator at Wellington Airport directly aligns with its strategy.

"We are passionate about advancing the hydrogen economy in New Zealand by introducing innovative new technology that supports our decarbonisation ambition."

"By showcasing innovative solutions like the fuel cell generator in practical applications such as aviation, we can stimulate demand and demonstrate the viability and benefits of hydrogen technology, ultimately paving the way for broader adoption and investment in hydrogen across various sectors of the New Zealand economy."

"Our Toyota Fuel Cell Generators will now provide companies serious about climate with a genuine clean energy alternative," says Neeraj.

The trial will run until 15 March.

The Hong Kong Special Administrative Region (HKSAR) Government has announced that non-Chinese Hong Kong permanent residents will soon be eligible for a card-type document [Mainland Travel Permits for Hong Kong and Macao Residents (non-Chinese Citizens)] to enhance convenience of clearance at control points of the Mainland, facilitating their visit to the Mainland for business, travelling, and visiting relatives. The Exit and Entry Administration of the country will start issuing the card on 10 July 2014.

The Chief Executive, Mr John Lee, said, "I am grateful to the Central Government for introducing the measure in support of Hong Kong again, which demonstrates our country's care and support for the HKSAR all along. Under the new measure, individuals holding the card will be able to enjoy self-service clearance at control points of the Mainland, significantly enhancing clearance efficiency.

"Many non-Chinese Hong Kong permanent residents have deep roots in Hong Kong. They have been working diligently and making significant contributions to the development of Hong Kong. Among them, foreign talent working in Hong Kong are particularly keen to better seize the historic opportunities of our country's rapid developments, especially envisioning greater involvement in the building of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a world-class bay area. We firmly believe that international talent of Hong Kong companies can enjoy the long-awaited clearance convenience for northbound travel with this card. This measure is not limited to any nationality or industry, which fully highlights Hong Kong's unique status under 'one country, two systems' and greatly helps Hong Kong maintain its international character and diversity, thereby providing a significant incentive for companies and talent from around the world to settle in Hong Kong," he said.

Under the new measure, all non-Chinese Hong Kong permanent residents will be able to make applications to the China Travel Service (Hong Kong) Limited entrusted by the Exit and Entry Administration of the country for travelling to the Mainland multiple times within a five-year validity period (with a stay not exceeding 90 days for each visit), without the need to apply for a separate visa to enter the Mainland. The application, approval, and issuance of this card fall within the remit of the Mainland authorities. This facilitation arrangement complements the "northbound" multiple-entry visa initiative as announced by the Chief Executive in the 2023 Policy Address, meeting the aspirations of various sectors of the Hong Kong community on all fronts.

Government makes it faster and easier to invest in New Zealand
September 2024

New Zealand's Associate Minister of Finance David Seymour is encouraged by significant improvements to overseas investment decision timeframes, and the enhanced interest from investors as the Government continues to reform overseas investment.

“There were about as many foreign direct investment applications in July and August as there was across the six months prior. This is an encouraging start to the work being done to bring more investment to New Zealand and grow the economy,” says Mr Seymour.

“On 6 June 2024 I issued a new ministerial directive letter to Land Information New Zealand (LINZ) to make consent processing timeframes faster under the Overseas Investment Act. The directive letter contains an expectation that 80 per cent of consent applications will be processed in half the statutory timeframe.

“This means applicants can expect timeframes for most consent applications to be cut down to between five and 50 working days, depending on the application type.

“In order to have a strong growing economy New Zealand needs to be more welcoming to investment. I recognised that long waiting times for applications was creating uncertainty and impacting the attractiveness of investing in New Zealand. This affected New Zealand businesses that rely on overseas investment for capital or for liquidity.

“Every consent decision received after the directive letter came into effect has been decided in under half of the statutory timeframe. Between 24 November 2021 and 14 April 2024, only 13 per cent of consent decisions were being made in half the statutory timeframe.

“There has been a large boost in foreign direct investment applications, totalling 16 across July and August, compared with 17 over the previous 6 months at an average of 2.8 per month.

“This Government is introducing a principle that we welcome investment. In order for New Zealand to retain world class public services it needs to be the preferred destination for ideas, investment, talent. This is just one way we’re achieving this; we will also be rewriting the Overseas Investment Act.

“While it is early days, I am confident that this positive trend will continue. I am also pleased to see that decisions not covered by my directive, such as variations and exemptions, are also moving faster.

“Feedback from investors has been overwhelmingly positive, and they have welcomed the changes to make the application process more efficient, while still giving the right level of scrutiny to high-risk transactions.

“LINZ still has the full statutory timeframe to process 20 per cent of consent applications, which will allow them to manage complex and higher-risk applications.

New Zealand and China hold high-level climate change talks
September 2024

Chinese Minister of Ecology and Environment, Huang Runqiu (above left) has departed New Zealand following his attendance at the Fifth Ministerial Climate Change Dialogue between New Zealand and China, Climate Change Minister Simon Watts says.

“China is an important climate partner for New Zealand, and vital to global efforts to reduce the impacts of climate change. Cooperating on climate change has been an important element in the relationship, underpinned by our long-standing ties.”

This year marks the 10th anniversary of the New Zealand – China Climate Change Cooperation Arrangement, where the two sides engage on issues such as green finance and the Emissions Trading Scheme.

“Much innovation has occurred over the last 10 years since the cooperation arrangement was signed. Through our dialogues, I have had the opportunity to showcase many New Zealand businesses who are innovating and taking action to deliver sustainable solutions,” Mr Watts says.

“New Zealand is committed to strengthening cooperation in areas of shared interest with China, including around carbon markets and nature based solutions to climate change. It’s important we continue discussions on areas where we can cooperate and learn from one another as we transition our economies to a low emission, electrified future.”

A partnership between Te Herenga Waka - Victoria University of Wellington and Zhengzhou University in Henan, China, has been officially launched with a ceremony at The Wellington Institute of Zhengzhou University campus.

Together, the universities will offer undergraduate degrees in architecture, landscape architecture, and industrial design, a major advancement in transnational education for both institutions.

Victoria's Vice-Chancellor Professor Nic Smith, who was in attendance, said “This joint institute reflects a shared commitment to enriching the educational landscape in both Aotearoa New Zealand and China. As an internationally engaged university, we take pride in welcoming many Chinese students each year and providing exchange opportunities for our students to study at partner universities in China.

“The Wellington Institute at Zhengzhou University represents a significant milestone in the University’s efforts to expand its global reach and strengthen its offshore offering.”

Professor Andre Brown, Associate Dean International for the Faculty of Architecture and Design Innovation, explained how the strengths of each institution complement each other.

“Zhengzhou’s industrial design graduates are already in high demand, but our programme enhances their prospects by offering broader opportunities to collaborate with international organisations while building their English language skills and emphasising group work and independent thinking.

“The recent full re-accreditation of Te Herenga Waka’s Architecture and Landscape Architecture degrees demonstrates our high professional standards and quality of staff, allowing students to pursue a Master’s degree in New Zealand that is internationally recognised, including mutual recognition of the Architecture degree in the United Kingdom.

Zhengzhou University, the only double first-class university in Henan Province, is well-regarded and has a student population of over 70,000. It offers significant research funding and opportunities for industry collaboration.

Launch of the Wellington Institute at Zhengzhou University
October 2024

NZCCHK recently arranged a delegation to visit the Canton Fair 136 Phase One in Guangzhou. Here, delegation participant Michael So shares his experience.

On October 16th, I had the privilege of participating in a group visit to the Canton Fair in Guangzhou, organized by NZCCHK and jointly attended with the Australian Chamber of Commerce in Hong Kong. Our group of ten departed from West Kowloon station via the High-speed Rail in the morning, marking the beginning of a day filled with innovation, meaningful connections, and inspiration.

Upon arrival, we were received by four of the latest NIO electric sedans (pictured left), arranged by the Canton Fair to transport us to the venue. During the journey, we had the opportunity to experience the latest robotic NIO battery-changing station, which demonstrated an impressive 3-minute battery swap technology. The efficiency and ease of this experience really brought home the future of electric vehicle technology and infrastructure. Our driver also introduced us to the delightful in-car AI robot, which could communicate in a human-like manner and effortlessly control various features of the car, from adjusting air conditioning settings to activating the seat massage or even managing a karaoke session. It was truly an eye-opening glimpse into how AI is being integrated into everyday products to enhance user experiences.

At noon, Mr. Charles Cao, Permanent Representative of the Canton Fair Hong Kong Representative Office, graciously hosted us for a Cantonese-style luncheon at a hotel adjacent to the fair. During lunch, Charles shared with us the fascinating history and background of the Canton Fair, which began in 1957 as a major initiative to open China to international trade. He mentioned that the fair is held twice a year, each session offering a unique window into the industrial and consumer goods landscape.

One notable anecdote, shared by our chairman David Whitwam was about the late Victor F Percival QSM JP, Past Chairman of the New Zealand China Trade Association (Auckland) and Honorary Member CCPIT (Beijing), who had attended Canton Fairs since the inaugural year in 1957. In October 2006, at the 100th Fair, he was presented with an award by Premier Wen Jiabao to commemorate his longstanding support, making him one of the most respected guests of honor at the event. The luncheon was not just a feast of traditional Cantonese delicacies but also a feast of stories and insights into the evolution of international trade in the Greater Bay Area (GBA). It was an excellent opportunity to relax, connect with new acquaintances, and deepen our network.

Following lunch, we delved into the Canton Fair itself, which was vast, vibrant, and impressive as always. From my observation, there were over 10,000 visitors at the fair on the day, and the facilities setup was outstanding, featuring comprehensive exhibition halls, interactive zones, and amenities that ensured a seamless experience for visitors. I spent several hours exploring the smart home and home appliance section, yet only managed to cover a small portion of what was available—the fair's scale was massive. The innovation and technological advancements on display were remarkable, ranging from smart kitchens and automated lighting systems to the latest in home security and entertainment technology. The variety of products, many boasting AI integration, energy efficiency, and user-centric design, underscored the global movement towards smarter and more connected homes.

I have included a few photographs from our journey on the High-speed Rail, our experience with the NIO vehicles, and our delightful luncheon, hoping to capture the essence of the day. It was an outstanding experience, filled with learning and inspiration, and I eagerly look forward to the next visit. It was also a powerful reminder of the importance of such events in fostering cross-border collaboration, sharing new ideas, and driving innovation forward.

An uplift to New Zealand’s organic product trade is expected through a new upgraded arrangement with China, Food Safety Minister Andrew Hoggard says.

“The upgraded Mutual Recognition Arrangement (MRA) for organic products will deliver opportunities for New Zealand's organic export sector.”

The upgraded MRA has been signed in Central Otago by Andrew Hoggard and Mr Luo Wen, China’s Minister for State Administration for Market Regulation.

“It will see New Zealand and China develop and undertake a joint work programme to strengthen trade and focus on boosting exports of New Zealand organic bulk food service ingredients and streamlining the certification process.”

According to industry figures, organic exports to China were worth more than NZ$81 million (HK$375 million) in 2021/22.

“The MRA, in place since 2022, formally recognises that both New Zealand’s and China’s organic production and certification systems achieve equivalent outcomes. The upgraded MRA recognises the confidence we have in each other’s organic systems, a shared commitment towards boosting two-way trade, and the strength of our bilateral relationship.”

“Strengthening our organic exports to China will also help deliver the Government’s ambitious goal of doubling the value of our exports in the next 10 years. This will drive more value for our growers and rural communities across New Zealand.”

“Government is committed to supporting the success of Kiwi businesses and the upgraded MRA sets the foundations for a long and successful export market for our hardworking organic growers, manufacturers, and exporters,” Andrew Hoggard says.

The new upgraded MRA takes effect from today, with the development of the New Zealand and China joint work programme expected to start this year.

The Government is joining the UK’s Bletchley Declaration on Artificial Intelligence (AI) Safety, Minister of Science, Innovation and Technology, and for Digitising Government Judith Collins says.

“AI used responsibly can be a game changer for New Zealand, supporting productivity, innovation, and economic development,” Ms Collins says

“The UK’s Bletchley Declaration is an important international agreement which affirms the potential that AI offers for society and for economies. To achieve this, AI must be designed, developed, deployed and used responsibly and safely, and in a manner that is people-focused and can be trusted.

“In May we signed the Seoul Ministerial Statement for Advancing AI Safety which, coupled with the Bletchley Declaration and Cabinet’s confirmed approach to AI being in accordance with the OECD’s AI Principles, solidifies our focus on the responsible use of AI.

“Important safety standards and pressure will be applied on the international stage, and New Zealand is proud to be part of global efforts towards responsible AI.”

The Ministry of Business, Innovation and Employment has developed an initial cross-portfolio which focuses on policy changes, while the Department of Internal Affairs’ Government Chief Digital Officer is leading work to support public sector agencies to explore safe use of AI for efficiency and service delivery improvements.

“The Government will next year consult publicly on a national AI strategy to encourage greater use of AI to deliver better results for New Zealanders,” Ms Collins says.

“I am confident that all the work under way will form a coherent approach to AI in New Zealand – delivering greater productivity, innovation and growing New Zealand’s economy to benefit all New Zealanders,” Ms Collins says.

Note: This report clarifies an earlier public media article that appeared to link this new initiative with the China Travel Card available to non-Chinese permanent residents.

Starting Wednesday 17 October 2024, foreign residents living in Hong Kong and Macao can apply for multiple-entry visas to the Chinese mainland with a validity period of up to five years by following a simplified procedure, according to the central government.

The Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region announced on Wednesday that non-Chinese Hong Kong permanent residents and non-Chinese Hong Kong residents who are traveling to the mainland for tourism, business, family visits or cultural and academic exchanges can apply for a visa valid for up to five years, which will allow them to stay on the mainland for up to 180 days.

Under the new arrangement, applicants are not required to provide proof of round-trip tickets or hotel reservations when applying for visas, the office said.

Those who successfully applied for visas from overseas Chinese visa-issuing authorities and had their fingerprints collected during the process will be exempted from fingerprint collection when applying from Hong Kong, the office added.

The office stressed that the validity of the visa and duration of stay will be decided case by case, and applicants may also be asked to submit additional documents or attend interviews.

The visa policy does not apply to foreign domestic helpers, the office noted.

Delegates at a forestry conference in southern China have called for greater global cooperation and innovation to strengthen the forestry sector and promote sustainable growth.

The 2024 World Forestry Industry Conference, held in Nanning, capital of the Guangxi Zhuang autonomous region, opened last week with nearly 1,100 companies in attendance. The two-day event featured exhibitions of new technologies and discussions on sustainable forestry practices.

Guan Zhiou, head of China's National Forestry and Grassland Administration, emphasized the forestry sector's critical role in fostering green development and boosting the economy. He said China is committed to large-scale land greening initiatives to build a sustainable future.

Charlotte Austin, New Zealand's vice-minister for primary industries, highlighted the strong forestry trade relationship between New Zealand and China. She noted that China receives more than 90 percent of New Zealand's softwood log exports.

"Forestry trade and cooperation between our two countries result in tangible economic outcomes and contribute to the prosperity of both our peoples," Austin said. She added that New Zealand sees significant opportunities for its pine wood in China's construction sector.

During the conference, participants signed 35 contracts worth a combined CNY19.4 billion (USD2.68 billion), reflecting the event's focus on innovation and high-quality development in the forestry sector.

Guan praised Guangxi for its rich forest resources, noting that the region has the largest area of planted forests in China. Guangxi's forestry and grass industry contributed 956.9 billion yuan ($132.6 billion) in total output value last year, leading the country. Its star anise and rosin products, along with their processed derivatives, account for more than 50 percent of global trade volume.

Guan said he hopes Guangxi will use the conference as an opportunity to deepen international cooperation and advance sustainable forest management.

At the ongoing second China International Supply Chain Expo (CISCE), multinational companies expressed great optimism about the potential for win-win cooperation with China in advanced manufacturing.

With China's growing role in global supply chains, its focus on high-end, intelligent manufacturing, and its push for sustainability, companies see significant opportunities for collaboration and mutual growth.

At the expo, multinational firms spanning sectors from high-tech to consumer goods, emphasized how they are leveraging China's vast manufacturing ecosystem, digital transformation, and commitment to sustainability to strengthen their own global supply chains.

Many Chinese companies, especially in advanced manufacturing, are focusing on better engaging with global partners and thinking from their partners' perspectives, he said, referring to this move as key to forming strong international collaborations.

Sustainability emerged as a key theme at the expo. With the increasing global demand for environmentally responsible products, China's advancements in sustainable manufacturing are seen as an asset for multinational companies looking to build more resilient supply chains.

Teh-han Chow, Greater China CEO of New Zealand's dairy giant Fonterra, highlighted the company's alignment with China's "dual carbon" goals, particularly in green agriculture.

"We cooperate with local partners across the value chain to jointly achieve the sustainable development of the dairy industry," he said.

"As a New Zealand company, Fonterra is proud of having built a successful business cooperation that connects the two countries."

New Zealand is strengthening its global connections with Asia and Latin America, as 119 individual recipients have been awarded Prime Minister’s Scholarships for education experiences abroad, Tertiary Education and Skills Minister Penny Simmonds says.

“Expanding New Zealand’s global engagement through world-class international education is a key government priority,” Ms Simmonds says.

“We are committed to building deeper ties with the world and ensuring our nation remains globally competitive.”

The latest round will see scholarship recipients heading to destinations including Indonesia, Japan, Korea, Malaysia, Greater China, Hong Kong, India, Philippines, Singapore, Thailand, Viet Nam, Mexico, Colombia, Brazil, and Chile for study and internship programmes.

Scholarships have been awarded to recipients from across New Zealand, including Rotorua, Gisborne, Hastings, Feilding, Tauranga, Auckland, Hamilton, Wellington, Palmerston North, Christchurch, Dunedin, Nelson, and Oamaru.

“The Prime Minister’s Scholarships offer a fantastic opportunity for New Zealanders to foster lifelong connections as they learn and grow their understanding of cultures and business practices across Asia and Latin America,” Ms Simmonds says.

“The unprecedented 324 applications received this round highlight the growing enthusiasm for international education and the value of these scholarships.”

Over the next year, the Prime Minister’s scholars will embark on semester exchanges, medical electives, language immersion and indigenous integration programmes, internships, and research projects in areas such as music education and zoology.

“These scholarships foster an exchange of ideas, culture, and expertise, enriching both New Zealand and our international partners. They also showcase the strength of our education system on the world stage,” Ms Simmonds says.

Scholarship awardees include:

• Dylan Chetwin (Master of Social Sciences in Psychology. at City University of Hong Kong)

• Charlotte Devereux (One-semester exchange to The Chinese University of Hong Kong)

• Nicole Meyer (One-semester exchange, Hong Kong)

• Selena Gan (One-semester Exchange to City University of Hong Kong)

• Alex Zhuang (Internship to Hong Kong)

• Gabrielle Ou (Six-week medical elective in Hong Kong)

Chinese President Xi Jinping has said that China is ready to join New Zealand in building a bilateral relationship featuring mutual respect, mutual tolerance, cooperation and common development.

Xi made the remarks while meeting with New Zealand's Prime Minister Christopher Luxon on the sidelines of the 31st APEC Economic Leaders' Meeting.

Xi pointed out that 10 years ago, during his visit to New Zealand, the two countries made the decision to establish a comprehensive strategic partnership. Over the past decade, China-New Zealand relations have been developing with a sound and steady momentum, which has significantly enhanced the well-being of the people of both countries and is well worth cherishing.

He said that China and New Zealand are both important members of the Asia-Pacific region with strong economic complementarities and mutual benefit. With no historical grievances or conflicts of fundamental interests, the two sides should regard each other as an opportunity and partner, rather than a challenge or threat, Xi noted, adding that differences between the two sides should be managed in a calm and practical manner, rather than allowing them to define the relationship.

Noting that China is ready to work with New Zealand to carry forward the spirit of "striving to be first," Xi called for building a bilateral relationship featuring mutual respect, mutual tolerance, cooperation and common development, so as to contribute to the development of both countries.

Xi stressed that China supports efforts from various sectors in both countries, including subnational levels, youth, media, and scholars, to strengthen bilateral exchanges through various means, thereby solidifying the foundation of friendship between the people of the two countries.

China has included New Zealand in its visa-free policy and welcomes more friends from New Zealand to work and travel in China.

China is ready to work with New Zealand to strengthen coordination and cooperation within the United Nations, APEC, the World Trade Organization and other multilateral frameworks, jointly safeguarding peace and stability in the Asia-Pacific region and the world, Xi added.

Luxon said that China is a great nation, noting that since President Xi's successful visit to New Zealand 10 years ago, bilateral ties have developed well and the bond between the two peoples has grown very strong.

He said that New Zealand is committed to continuously deepening the comprehensive strategic partnership between the two countries, firmly adhering to the one-China policy, and is willing to maintain high-level exchanges with China, as well as to comprehensively enhance cooperation in areas such as economy and trade, green development, and addressing climate change.

New Zealand looks forward to strengthening communication and cooperation with China within multilateral mechanisms such as APEC to jointly safeguard the freedom and openness of regional trade and promote regional prosperity and development, Luxon added.

Shenzhen plays a pivotal role in the burgeoning economic relationship between New Zealand and China, offering huge potential for New Zealand companies, according to New Zealand Trade and Agriculture Minister Todd McClay (pictured above), who visited the city last week.

His visit was part of a larger delegation that included some 70 companies, many of which exhibited at the seventh China International Import Expo (CIIE) in Shanghai.

“The reason of our visit to Guangdong Province, particularly Shenzhen, is because of its importance to New Zealand and to New Zealand companies,” McClay told Shenzhen Daily during an exclusive interview Friday.

McClay highlighted the city’s importance as a gateway for New Zealand’s high-quality food exports. Shenzhen’s strategic location as a major port and airport has facilitated the smooth flow of goods between the two countries.

McClay was also impressed by the architectural collaboration between New Zealand and Shenzhen. One example is the Marisfrolg headquarters building, which was designed by New Zealand company Architecture van Brandenburg.

He also noted growing cooperation in various fields, including medical research between institutions and local partners to find solutions to cancers and other illnesses.

“We need to find more ways for businesses in both directions to form these relationships. There’s huge potential here for New Zealand companies,” McClay said.

“It’s a very, very beautiful city — one of the most beautiful I’ve visited anywhere in the world,” McClay said about his first visit to Shenzhen. “I’m quite impressed by what I’ve seen here.”

The minister was particularly struck by Shenzhen’s vibrant, hardworking, and dynamic population. He drew parallels between Shenzhen and Christchurch, New Zealand’s “Garden City.” The two cities have maintained friendly exchange relations since 2015.

McClay also underlined the importance of cultural and educational exchanges, noting that many young Shenzhen natives have studied in New Zealand, returning with valuable expertise and lasting friendships.

“We want more young New Zealanders to come and visit Shenzhen, as beautiful as it is, and to learn, just as we welcome more young people from here to New Zealand. That’s how we create those enduring bonds and continue to grow our economic relationship,” McClay said.

Source: GD Today

Auckland Mayor Wayne Brown recently visited Guangzhou with a delegation of Auckland-based business leaders, marking the 35th anniversary of the friendship city relationship between Guangzhou and Auckland.

The visit aims to strengthen economic ties and explore further areas of collaboration between New Zealand and China.

Reflecting on his trip, Brown noted the rapid pace of development in Guangzhou, remarking, "Every year comes more motorways, more trains, and more big buildings. But the best part is, the city is cleaner, better, and nicer, with flowers everywhere."

He also praised the Guangdong-Hong Kong-Macao Greater Bay Area's strategic planning, especially the innovative development of Nansha, which he called a "sensible, well-planned move" that offers valuable lessons for Auckland.

The long-standing relationship between New Zealand and China has spurred robust trade growth, with the total value of goods exchanged between the two nations increasing at an average annual rate of 11 percent over the past 15 years.

New Zealand's exports to China have grown by an impressive 16 percent annually, driven in part by the China-New Zealand Free Trade Agreement (FTA), which Brown witnessed as a participant at the signing in 2008. "The FTA allowed us to start increasing our food exports to China," he noted. "We have very high-quality food."

Guangdong Province plays a pivotal role in this economic relationship, accounting for approximately 15 percent of bilateral trade. Mayor Brown expressed interest in deepening ties with Chinese investors, particularly in areas where China is leading.

"All the things you do well—like electric cars, rail technology—we'd like to see more of," he said.

Brown highlighted New Zealand's strengths in food technology and noted that Rocket Lab, based in New Zealand, is one of the busiest rocket launchers globally.

Mayor Brown expressed optimism for the future, emphasizing that long-term relationships build mutual understanding and trust.

"People trade between friends, and as New Zealand and China have gotten to know each other better over 35 years, our understanding has grown," he said, adding that he hopes the friendship between Auckland and Guangzhou will continue for another 35 years.

Source: GD Today

New Zealand's Minister for Trade and Agriculture, Todd McClay, announced the signing of 24 Memorandums of Understanding (MOUs) and supply agreements between New Zealand and Chinese companies as part of the recent Trade Mission to the China International Import Expo (CIIE) in Shanghai and Guangdong province.

“These new partnerships are set to generate NZD340 million (HKD1.56 billion) in export revenue over the next three years,” Mr McClay says.

“These deals will grow our economy and reinforce New Zealand as a reliable trade partner and significant supplier to China. They will also contribute to our target of doubling the value of exports in the next 10 years.”

The 24 partnerships signed this week cover a broad range of sectors, including food and beverage, technology and healthcare, showcasing New Zealand’s diverse offerings and China’s continued interest in Kiwi expertise.

“These partnership agreements highlight the growing diversity of New Zealand’s trade with China and underscore the Government’s commitment to enhancing opportunities for innovation, trade, and shared prosperity.”

Partnerships signed at CIIE include:

New Zealand Meat Industry Association with Ruder Finn

The New Zealand Meat Industry Association signed a partnership with Ruder Finn as its chief marketing agency to promote TASTE PURE NATURE in China, raising awareness of New Zealand red meat.

New Zealand Deer Industry Association with Tong Ren Tang

The New Zealand Deer Industry Association signed an MOU with Beijing Tong Ren Tang to develop and promote New Zealand venison and deer velvet products.

GMP Dairy with Sinolife

GMP Dairy entered a strategic partnership with Sinolife to introduce new milk powder products in China and drive mutual growth through dairy innovation.

Good Health with Le You

Good Health signed an agreement with Le You to distribute its products through this popular mother-and-baby store chain.

Grin with Rainbow Children’s Clinic

Grin established a strategic partnership with Rainbow Children’s Clinic to develop sustainable oral health products for children.

Mr Apple with Xian Feng Fruit

Mr Apple and Xian Feng Fruit signed a memorandum to strengthen their partnership in fruit supply and distribution.

Whittaker with Netops

J.H. Whittaker & Sons expanded its collaboration with Netops to leverage e-commerce channels, boosting sales and market presence.

100% Pure New Zealand Honey with H&H Supply Chain

100% Pure New Zealand Honey appointed H&H as the exclusive distributor of Watson & Son and Riverdale honey in New Zealand and China.

Atrax Group New Zealand Ltd. with Beijing Admoral Technology Co.

The New Zealand-based Atrax Group signed a Memorandum of Understanding (MoU) with Beijing Admoral Technology Co., facilitating cooperation in advanced technology solutions.

Atrax Group New Zealand Ltd. with Civil Aviation Logistics Technology Co. Ltd

Atrax Group further strengthened its international ties with an MoU signed with Civil Aviation Logistics Technology Co. Ltd., supporting advancements in aviation logistics technology.

Gallagher Security with Chubb Fire and Security

Gallagher Security entered a Channel Partner Agreement with Chubb Fire and Security to enhance security solutions across New Zealand and international markets.

Auckland Uniservices Ltd., Guangzhou Salustier Biosciences Co. Ltd., and Guangzhou Institute of Biomedicine and Health

Auckland Uniservices completed a Patent Acquisition Agreement with Guangzhou Salustier Biosciences and the Guangzhou Institute of Biomedicine and Health to foster biotechnological research and development.

Freshco with Shenzhen Yumsun

Freshco and Shenzhen Yumsun signed an MoU, marking a new phase of collaboration in the fresh produce industry and expanding market reach in China.

NIG Nutritionals with L' Baby

New Zealand’s NIG Nutritionals entered an MoU with L' Baby, laying the groundwork for new ventures in infant nutrition products in the Chinese market.

GMP Pharmaceuticals with WonderLab

GMP Pharmaceuticals signed a Strategic Partnership Agreement with WonderLab, aiming to introduce innovative health solutions across Asia-Pacific regions.

GMP Pharmaceuticals with Vivo Capital

A Strategic Partnership Agreement between GMP Pharmaceuticals and Vivo Capital highlights their joint efforts to scale health and wellness product lines globally.

Fonterra and China Environment Protection Foundation

Fonterra signed a Sustainability MOU with the China Environment Protection Foundation, aiming to enhance sustainability practices in China.

Fonterra and International Osteoporosis Foundation

Anlene, Fonterra's bone health brand, signed an MOU with the International Osteoporosis Foundation to promote bone health and awareness initiatives.

NZMP and Wonderlab

Fonterra’s NZMP division signed a supply agreement with Wonderlab to provide probiotics, furthering the availability of high-quality probiotics in the Chinese market.

Miraka and Theland

Miraka strengthened its partnership with Theland through an MOU to develop new low-carbon supply chain milk products for Chinese consumers.

Silver Fern Farms, Dingdong, and Paradise Garden

Silver Fern Farms entered a tripartite agreement with Dingdong (an e-commerce platform) and Paradise Garden (importer) to expand access to New Zealand's premium red meat products in China.

Comvita and Shanghai Pudong District Government

Comvita signed a partnership agreement with the Shanghai Pudong District Government to support regional development and promote Comvita's natural health products.

Comvita and OCJ

Comvita partnered with OCJ, a leading TV and online shopping platform, to enhance the reach of its natural health products to a broader Chinese audience.

MitoQ and Tmall Global

MitoQ signed a partnership with Tmall Global to expand the presence of its health supplements and increase accessibility to Chinese consumers through Tmall’s vast e-commerce platform.

The New Zealand Government is joining the next phase of the ‘Taste Pure Nature’ campaign that will position New Zealand beef and lamb as the highest-quality red meats of choice for Chinese consumers, Agriculture and Trade Minister Todd McClay announced at a signing ceremony in China.

“I am announcing that we will co-invest NZ$8 million to boost New Zealand beef and lamb exports to the Chinese market.

New Zealand is currently the second largest source of international lamb for Chinese consumers behind Australia, and the sixth largest supplier of beef.

"Together with the sector we have set a joint target of making New Zealand lamb the number one preference with Chinese consumers replacing Australia as the largest lamb exporter to China,” Mr McClay says.

The ‘Taste Pure Nature’ campaign is a partnership between the Government and the red meat sector that will strengthen our red meat brand in China, differentiating it from our competitors, and driving better returns for kiwi farmers and processors.”

As of June this year, 29 per cent of our total red meat exports went to China valued at NZ$2.86 billion, including NZ$1.27 billion in beef and NZ$1.05 billion in sheep meat.

“China’s growing middle class of over 500 million consumers want fast, efficient, ready to eat high-quality safe food. New Zealand’s red meat story is compelling, and one we need to shout from the rooftops,” Mr McClay says.

“Led by the Meat Industry Association (MIA), with support from Beef+Lamb New Zealand (B+LNZ), the campaign will highlight the superior nutritional qualities and attributes of our grass-fed, free-range New Zealand red meat.

“Our red meat exports are a big part of meeting the Government’s ambitious target of doubling the value of New Zealand’s exports in the next ten years. We are committed to backing the meat sector’s success,” Minister McClay says.

Chinese authorities on Friday (1 November 2024) released revised rules on foreign investors' strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investment in the country.

The revised rules, jointly released by six government departments, including the Ministry of Commerce and the China Securities Regulatory Commission, allow foreign natural persons to make strategic investment in listed companies, a change from the old rules that only allowed foreign legal persons or organisations to make such investment.

Capital requirement is also lowered under the new rules for foreign investors that do not become the controlling shareholders in listed firms. The latest capital requirement for them will be no less than USD50 million in total actual assets or no less than USD300 million in total managed actual assets.

The new rules add tender offers as an extra option to make strategic investment. In the past, the only available options were private placements and share transfer agreements.

For foreign investors intending to invest through the options of private placements or tender offers, they will be allowed to use shares of non-listed overseas companies as consideration shares for acquisition payment.

The new rules also eased requirements on the shareholding ratio and the lock-up period. The shareholding ratio requirement is scrapped for foreign investors making investment through private placements, while the ratio requirements for the options of tender offers and share transfer agreements are lowered to 5 percent from the previous 10 percent.

In order to encourage medium- and long-term investment, the requirement on lock-up period for acquired shares should be no shorter than a 12-month period under the new rules. This is reduced from no shorter than three years previously.

A press briefing posted on the MOC's website said that the revised measures seek to reduce the investment threshold for foreign investors, broaden the channels for foreign investment in the country's securities market and encourage foreign investors to carry out long-term and value investment.

It said that the scale of China's securities market has further expanded in recent years with the sustained and healthy development of China's economy and the nation's deepened reform and opening up, adding that welcoming more high-quality foreign investment in listed companies will help promote China's industrial upgrading as well as the healthy and stable development of China's capital market.

The revised rules are in line with the reform measures adopted at the Third Plenary Session of the 20th Central Committee of the Communist Party of China held in July this year, which vowed to open China's commodity, services, capital, and labor markets wider to the outside world in an orderly manner, and facilitate foreign equity investment and venture capital investment in China.

China issued rules for foreign investors to make strategic investments in listed companies back in 2005. Since then, foreign investors have made strategic investments in more than 600 listed companies.

Data from New Zealand's International Visitor Survey reveals that international visitors contributed NZ$11.7 billion to New Zealand’s economy in the 12 months to September 2024. This is a significant increase of 30% - or NZ$2.7 billion - compared to the previous year.

International visitor spending in the off-peak months from March to November was up by 17% on the previous year to NZ$7.4 billion.

“Tourism is New Zealand’s second-largest export earner, underscoring its vital role in our nation’s economy. Increased spending by international visitors means more tourism jobs, more productive businesses and more vibrant communities,” Tourism New Zealand Chief Executive Rene de Monchy said.

“The strategy we announced in July this year is focused on driving increased value from international visitors for New Zealand’s economy as we grow year-round and off-peak tourism. It’s very encouraging to see the growth in the latest spend figures.”

The top three markets by spend in the year ending September 2024 were Australia: NZ$3.48B (up 7.1%), USA: NZ$1.64B (up 31.2%) and China: NZ$1.24B (up 243.9%) The data also showed that 32% of international holiday visitors visited four or more regions.

International holiday visitors contributed NZ$7.1 billion in the 12 months to September 2024, up 41% on the previous year.

“Tourism New Zealand is committed to supporting a productive and sustainable tourism industry. This approach aligns with the Government’s objective of doubling export value over the next decade,” Mr de Monchy said.

New Zealand continues to impress visitors, with 95.5% reporting for the quarter that New Zealand met or exceeded their expectations.

“As we head into 2025, New Zealand’s tourism industry should be extremely proud of the exceptional experiences they delivered this year, ensuring visitors leave Aotearoa with unforgettable memories to share with friends and family back home,” added Mr de Monchy.