Oz on top for foreign investment

Australia remains one of the most popular destinations for outbound investment and this trend is showing no sign of abating, according to Freehills partner Justin Little.Little, who recently…

Lawyers Weekly • 16 November 2010 • NewLaw

Australia remains one of the most popular destinations for outbound investment and this trend is showing no sign of abating, according to Freehills partner Justin Little.

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Little, who recently presented a paper on Major Players, Potential Opportunities and M&A Trends in Australia's Resources Sector at the Overseas Investment Fair in Beijing, said that whilst the investment fair showcased a number of foreign jurisdictions, Australia is still amongst the most popular destinations for foreign investment.

The fair was hosted by the China Industrial Overseas Development & Planning Association, in conjunction with TransAsia Lawyers, and was designed to showcase investment opportunities in all foreign jurisdictions where Chinese entities have invested or are looking to invest.

Little was joined at the fair by Freehills partners Mark Crean and Gemey Visscher, as well as special counsel Sophie Chen and TransAsia Lawyers' managing partner Jesse Chang.

They all made presentations on Chinese foreign investment and, in particular, inbound investment into the Australian resources and agribusiness sectors.

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"Chinese investors are beginning to be far more organised, strategic and nimble in their selection of, and approach towards, investment opportunities," said Chang.

Attendees included representatives from Chinese state-owned enterprises and sovereign wealth funds, as well as representatives from key government agencies such as the National Development & Reform Commission.

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