ACBC Chairman’s Column: Wrapping up a busy 2010
The ACBC has kicked off another busy year, hosting a misson of Chinese business leaders in Sydney writes ACBC Chairman, Frank Tudor.
The year was a tremendously productive one for the Council with a busy program of events taking place against the backdrop of unprecedented growth in two-way trade and investment between China and Australia with our terms of trade sailing past the $83 billion mark in 2009.
Both the business community and public policy makers on both sides of the relationship have continued to look to the Council as a source of independent thought leadership and contributions to matters affecting the Sino-Australian trade and investment relationship.
The Council has also been increasingly active in China through the creation and support of a representative office led by its Chief Representative Paul Glasson. Paul has been working with the National Secretariat and Board towards the Council’s strategic objectives in-market and was instrumental to our efforts to secure the Trade Minister’s support for an ex-officio board position for the resident Australian Ambassador in Beijing.
Following on from our exclusive event with visiting Vice-Premier Li Keqiang at the end of 2009, the Council was asked by both the Australian and Chinese Governments to host a major trade and investment forum in June with Chinese Vice-President Xi Jinping and then Prime Minister Rudd and four federal ministers at Parliament House.
This event was attended by over 600 businesspeople on both sides of the bilateral relationship and emerged as a centre-piece of the Vice-President’s visit, which saw the signing of over $8.8 billion of trade pacts between the two countries and a number of major announcements including the establishment of the Australia China Forum.
ACBC also hosted five events as part of our partnership with the Australian pavilion at Shanghai World Expo 2010. This included a major industry symposium in June focusing on low carbon buildings and sustainable development hosted with UNSW, Lend Lease and Industry & Investment NSW; a luncheon with Victorian Governor David de Kretser AC; a gala dinner with Qantas Airways, a boardroom lunch with Chinese provincial leaders and a televised business leaders dialogue produced with the Australia Network.
I am proud to lead an organisation with active branches in every mainland state. The year was very busy with each branch organising a strong program of events targeting a variety of sectors. The work of our branches complements our national work program and feeds active local networks and advocacy initiatives to our work with the Australian and Chinese Governments and leading corporates.
The 2009-2010 financial year also recorded the highest amount of consolidated revenue and we continue to invest these earnings back into core member services and programs.
I am also pleased to advise that the Council has produced a major annual report covering Council initiatives across all of our branches over the 2009-2010 financial year. This report is available on the publications section of our website and I would encourage all of those with an interest in Council affairs to download the document.
I look forward to working with all of you to continue the Council’s work promoting greater trade and investment flows between Australia and the People’s Republic of China. ■
Chairman of the Board of Directors and National Chairman Oceania China Future Forum
Cheung Kong Graduate School of Business
On December 7, 2010, ACBC held a major forum in Sydney with the prestigious Beijing-based Cheung Kong Graduate School of Business and the University of New South Wales.
The Forum heard from recently appointed Minister for Financial Services and Assistant Treasurer, the Hon Bill Shorten MP, on government initiatives on the China engagement front. The Forum was attended by over 300 businesspeople including 140 executives from the Cheung Kong alumni network.
In addition to the Minister, the Forum heard from the following dignitaries:
• Xiang Bing – Dean of the Cheung Kong Graduate School of Business
• Mike Callaghan – Executive Director (International), Treasury
• Cheng Siwei – Former Vice-Chairman of the National People’s Congress
• Fred Hilmer – Vice-Chancellor and President, UNSW
• The Rt Hon Jenny Shipley – Former Prime Minister of New Zealand
There were also panel sessions focusing on banking and financial services as well as energy and natural resources.
Further information including transcripts of proceedings can be found on the national news section of the ACBC website. www.acbc.com.au
Results of AGM held on November 18, 2010
Frank Tudor, Horizon Power
Immediate Past Chairman
Kevin Hobgood-Brown, Sino Resources Capital Pty Ltd
Vice Presidents Ian McCubbin, Norton Rose
Chief Representative in China
Paul Glasson, Satori Investments
Hong Shao, Ernst & Young
Tim Goldsmith, PricewaterhouseCoopers
Derek Baines, Qantas Airways
Maree Arnason, Arnason Consulting
David Powell, Powell & Co
Branch Representatives New South Wales
Jim Harrowell, Hunt and Hunt
Vivienne Bath, University of Sydney
Daryl Guppy, Guppy Traders
John Carroll, John Carroll Consulting
Stephanie Daly, Middle Kingdom (Aust.) Pty Ltd
Michele Robinson, DEEDI
Sean Keenihan, Norman Waterhouse
Geoff Upton, Trade Focus International
Jason Chang, KPMG
Ben Foskett, Pathway Services Pty Ltd
Duncan Calder, KPMG
Linda Liu Bearne, China-Australia Investment Pty Ltd
National Executive Director and Company Secretary