Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ exporters open more doors to China

Bank of China New Zealand (BOCNZ) has congratulated New Zealand exporters on signing memorandums of understanding with Chinese companies at the Supply-Demand Matchmaking conference hosted at the 2019 China International Import Expo.

“Bank of China (New Zealand) is proud to support so many New Zealand businesses as they find their way in the China market. We have introduced them to crucial contacts and potential trade partners, so it’s very pleasing to see these great New Zealand companies sign these MOUs,” said Bank of China NZ Chief Executive David Wang.

China’s largest trade expo, the China International Import Expo Enterprise & Business Exhibition (CIIE), ran from 5 – 10 November at the National Convention and Exhibition Centre in Shanghai.

During the expo, where nearly 100 New Zealand exporters attended, Bank of China organised the cross-border Supply-Demand Matchmaking Conference. Facilitating one-on-one negotiations between 4,625 exhibitors and enterprises, Bank of China was proud to see 2,160 MOUs signed.

New Zealand exhibitors signed 87 MOUs at the 2019 CIIE. These included New Zealand Food Basket Ltd, a coalition of 18 New Zealand food and beverage brands, meat exporter Alpine Deer (who signed an agreement with Chinese e-commerce conglomerate Alibaba) and Auckland’s mitochondria antioxidant company MitoQ.

Hugh Signal, Director of Alpine Deer said, “Attending the CIIE has been a fantastic opportunity for Alpine Deer to build relationships and find potential clients. I would highly recommend attending the CIIE. The quality of contacts the Bank of China New Zealand has provided has been outstanding and resulted in significant potential business for us.”

Sales and Marketing Manager for MitoQ Zoe Li said, “We are very grateful to Bank of China New Zealand for their support of our business at the CIIE. China is a huge market for us and this type of expo gives us a better chance of securing clients in this market."

Bank of China is a key financial partner of the International Import Expo. Hosting the much-anticipated Supply-Demand Matchmaking conference, BOCNZ Chief Executive David Wang is delighted with the quality of the agreements signed between New Zealand exporters and their new Chinese partners.

“It’s clear that there are many fantastic New Zealand businesses which can benefit from greater exposure in the China market, but it’s hard to go it alone. The CIIE is a great platform from which to launch into China,” said David Wang.

Quick facts on Bank of China Supply-Demand Matchmaking Conferences:
• 52 New Zealand exhibitors attended the 2019 CIIE matchmaking conference, participating in 195 rounds of business negotiations over 3 days
• New Zealand exhibitors signed 87 MOUs at the 2019 CIIE
• 2,160 MOUs were signed at the 2019 CIIE matchmaking conferences
• 4,625 companies from 103 countries and regions attended the 2nd CIIE matchmaking conference organised by Bank of China Limited (BOC)

© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>

Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>