On 18 April, King & Wood Mallesons hosted Westpac, the Australian Chamber of Commerce and China Skinny on the release of the 2019 Australia-China Business Sentiment Survey. This Shanghai event is the last of five Business Sentiment Survey panels with King & Wood Mallesons hosting four in our China and Australian offices.
Wang Lixin (King & Wood Mallesons partner), welcomed the nearly 60 guests from various public and private entities such as Macquarie Group, Ping An, Australian Consulate, Queensland Government, Colliers, nib Insurance, PwC, KPMG and more in attendance.
Paul Lai (Westpac, Regional Head and Head of Corporate and Institutional Banking, Greater China) and Mark Tanner (China Skinny, Managing Direct) presented their views on Australian-China investment and business trends, and also sharing the findings of their business sentiment survey highlighting key opportunities and challenges facing Australian business in China.
After the presentation, Chen Bing (King & Wood Mallesons partner) joined the presenters on a panel to discuss current cross-border legal and commercial challenges faced by Australian companies. During the interactive Q&A session, the audience asked the panel questions about the new Foreign Investment Law, competing with local Chinese businesses, growing beyond cross-border ecommerce, and commercial issues facing multiple industry sectors such as technology, food and agribusiness and the service industry.