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An overview and forecast of the Chinese Investment landscape in Australia
Citation preview
Melbourne Trading &
Investing Seminars &
Expo
Friday 5th October 2012
An overview and forecast of the
Chinese Investment landscape in
Australia
Tim Lu National Director China Practice KPMG Australia
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
Chinese outbound investment – a snapshot
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
Investment into Australia - snapshot
$bn
Chinese investment into Australia still in early stages and lags other western countries, but has increased rapidly since 2009.
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. 4
Approved investment applications
Source: FIRB
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. 5
Top foreign investing countries in Australia
Stock of Foreign Investment as at end 2011 by country
Source: ABS
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. 6
Foreign investment stock – Equity and Debt capital
214
176
49
15
31
22
10 16 17
2
13 6 9
345
312
75
35
16 21 29
15 9
21
10 14 10
0
50
100
150
200
250
300
350
400
A$
billi
on
Equity Capital
Debt capital
As at end 2011 by country
Source: ABS
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
Completed Chinese deals by Australian state
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
0 42
0
0
53
11
14
91
13
7
10
1
20
74
80
0 43 82
26
25
4
0 16
2
54
5
26
60
0
0 0 19
8
12
18
6
24
21
76
0
71
7
0
16
28
2
4
55
8
41
6
97
58
40
93
13
2
16
0
14
97
7
0
5000
10000
15000
20000
25000
30000
Agriculture, forestry and
fishing
Finance and Insurance
Manufacturing Mineral exploration and
development
Real estate Resources processing
Services Tourism Total
A$
mill
ion
2007-2008 2008-2009 2009-2010 2010-2011
8
The sectors where China has applied to invest
Source: FIRB
© 2012 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
42
10
7
6
7
$0m - $25m $25m - $100m $100m - $200m $200m - $500m $500m+
9
Source: MergerMarket and KPMG
FY10
(number of deals) 87% of deal value
72 deals
11
6
2
5
$0m - $25m $25m - $100m $100m - $200m
$200m - $500m $500m+
48
82% of deal value
72 deals FY11
(number of deals)
Source: MergerMarket and KPMG
China’s investment into Australia
© 2010 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International, a Swiss cooperative. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG International.
Hainan
Xinjiang
Tibet
Gansu
Ningxia
Sichuan Chongqing
Guizhou
Yunnan
Guangxi Guangdong
Fujian
Zhejiang
Shanghai
Jiangsu
Hebei
Liaoning
Jilin
Heilongjiang
Henan
Hubei
Hunan Jiangxi
Anhui
Taiwan
Inner Mongolia
Shaanxi
Qinghai
Beijing
Shanxi Shandong
Tianjin
Location of HQ of Chinese investors who have invested in Australia from
1 July 2008 till 24 Jan 2010
Sources of Chinese capital into Australia
In 2009 Chinese
proposed FDI into AUS
came from 26 provinces
© 2010 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International, a Swiss cooperative. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG International.
Macro picture of Australia-China relationship
• China is Australia’s largest trading partner – A$113 billion (FY 2011)
– 23% exports
– 19% imports
• Trade surplus with China (A$10+ billion)
• China is one of Australia’s largest source of
– Foreign Students (No 1)
– Foreign Capital (No 1, in 2009)
– Migrants (No 4)
– Economic value of tourists (No 1)
• China has been major contributor to Australia’s economy
© 2010 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International, a Swiss cooperative. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG International.
Major Australian mineral exports to China
Source: ABARE, ABS
Mineral Year 2007/08 2008/09 2009/10
Iron Ore
Export Total 294,293 Kt 323,338 Kt 389,846 Kt
Export to China 167,574 Kt 222,917 Kt 265,545 Kt
% of Australian export 56.9% 68.9% 68.1%
Copper Concentrate
Export Total 1,694 Kt 1,802 Kt 1,933 Kt
Export to China 567 Kt 638 Kt 614 Kt
% of Australian export 33.5% 35.4% 31.8%
Coking Coal
Export Total 83.65 mil ton 79.55 mil ton 97.71 mil ton
Export to China 1.37 mil ton 9.81 mil ton 15.52 mil ton
% of Australian export 1.64% 12.3% 15.9%
Zinc Concentrate
Export Total 2,323 Kt 2,098 Kt 2,228 Kt
Export to China 823 Kt 943 Kt 1,154 Kt
% of Australian export 35.4% 44.9% 50.6%
Lead Concentrate
Export Total 308 Kt 382 Kt 490 Kt
Export to China 72 Kt 147 Kt 222 Kt
% of Australian export 23.4% 38.5% 45.3%
Thank you