News

Sydney Stock Exchange CEO aims to lure more listings
28/03/2017
By CGTN’s Martina Fuchs
China and Australia should bring forward a review of the China-Australia Free Trade Agreement (FTA) to facilitate more investment and jointly maintain free trade and regional stability, Chinese Premier Li Keqiang said after his annual talks with Australian counterpart Malcolm Turnbull in Canberra last week.

CGTN’s Martina Fuchs spoke to the CEO of the Sydney Stock Exchange, Tony Sacre, on the sidelines of the Boao Forum for Asia. /CGTN Photo

On the sidelines of the Boao Forum for Asia over the weekend, CGTN’s Martina Fuchs spoke to the CEO of the Sydney Stock Exchange, Tony Sacre, about investment opportunities for Chinese companies after Premier Li’s visit.
 
As China transitions to a consumer-driven economy, Australia is well placed to meet Chinese demand for high-quality, safe food, beverages, consumer items and services, Turnbull said. And the words seem to have been a boon to international businessmen, like Sacre, believing that closer bilateral relations would attract more Asian investment to Australia.
 
In the stock exchange chief’s view, the technology, health and agricultural sectors in Australia all deserve more investment. In particular, Sacre cites “good value” in the technology sector, where Australian players offer good returns for Chinese businesses.
 
Even though the Chinese economic slowdown has impacted Australian trading volume, Sacre is still optimistic about the outlook for 2017.
 
CGTN’s Martina Fuchs spoke to the CEO of the Sydney Stock Exchange, Tony Sacre, on the sidelines of the Boao Forum for Asia. /CGTN Photo
He sees confidence starting to return in both the mainland market and international market, thanks to currency strategy and easing cross-border restrictions. So in that case, more investment in Australia can be expected.
 
“We absolutely welcome Chinese companies coming into the Sydney Stock Exchange. We can help them to list… China is so ingrained in the global economy,” Sacre told CGTN.

Click the link to see the full article and the interview video: 

https://news.cgtn.com/news/3d63444d7a497a4d/share.html?from=singlemessage&isappinstalled=1

 



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