September 23, 2019
Media Release (Shanghai)
Deputy Premier Jackie Trad has told investors that Queensland is ready to do business and encourages investment, at a meeting in Shanghai on the second day of her trade mission to China.
The Deputy Premier outlined Queensland’s investment potential to senior executives behind some of China’s largest companies and conglomerates, including China Capital Investment Group (CCIG), Tian-Yu Eco-Environment Co Ltd and Hangzhou Songcheng Group Holding Co Ltd.
“Foreign investment is an enormous contributor to Queensland’s continued economic growth and employment, especially in regional areas,” the Deputy Premier said.
“This is why we encourage Chinese investors to strengthen our commercial relationship and to explore the many avenues for greater partnerships between China companies and Queensland.
“The Palaszczuk Government’s industrial priorities offer potential synergies with those in China, including the further advancement of renewable energy, resources and mining, tourism, and the health and aged care industries.
“Today I met senior representatives from some of the country’s major construction, infrastructure, energy and renewables, advanced manufacturing and technology businesses and shared with them the opportunities that exist in Queensland.”
CCIG is a Shanghai-based non-Government investment company with interest in tourism, real estate and mining. It specialises in investments within China’s mining industry as well as real estate, infrastructure, technology and healthcare. It operates China’s second largest nickel mine and owns Daydream Island and South Molle Island in the Whitsundays.
TianYu Eco-Environment Co Ltd was established in 2000 with headquarters in Shanghai. It specialises in landscaping, design and contracting of civil engineering projects, public works and environmental protection projects.
Hangzhou Songcheng Group owns and operates theme parks, resorts and hotels in China. The group has committed investment for a proposed new theme park on the Gold Coast.
The Deputy Premier said Trade and Investment Queensland’s network in China has the largest footprint of all the Government’s offshore operations with five offices, in Shanghai, Beijing, Chengdu, Guangzhou and Hong Kong SAR.
“The bond between Queensland and China across all spectrums of our bilateral relationship is very important to the Palaszczuk Government, and China continues to be an important source of foreign direct investment into Queensland,” Deputy Premier Trad said.
“The strength of our Government-to-Government engagement can be attributed to our Queensland-Shanghai Sister State relationship which is 30 years old.
“During this visit to China we have many important opportunities to showcase Queensland, and to develop existing relationships and build new connections.
“Queensland is open for business and we welcome Chinese business.”
Deputy Premier Jackie Trad is in China on a three-day trade mission.