Subscribe to RSS feedAustralia's policy confusing for Chinese investors
Australia’s foreign investment regulations are too stringent and appear to cause confusion among investors, according to Hong Kong infrastructure investment group CITIC Pacific.
The group's deputy managing director, Peter Lee, told delegates attending the In the Zone public policy conference that while foreign investment was necessary for Australia's economic growth, it also had one of the tightest regulatory systems in the world.
Mr Lee said the debate about Chinese investment in Australia's infrastructure should shift from being a question of whether it is acceptable to how best to attract more.
He said that Chinese investment currently delivered the best outcome for Australians and there were a number of advantages.
"China is well and truly ‘open for business’," Mr Lee said.
"While international investors face major challenges securing finance, Chinese funding is available.
"Chinese projects have more flexibility to get development projects under way, for example, undertaking engineering and design work while obtaining project approvals."
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