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New Zealand's investment network to lure more Chinese investors


08:44, November 27, 2012

WELLINGTON, Nov. 26 (Xinhua) -- "Build trust," that's the simple message from New Zealand's first Chinese angel investment network as it ends its first year by trying to attract more Chinese investors into New Zealand.

The Chinese Ice Angels, which was formed under Auckland University's Icehouse business incubator at the beginning of this year, has already attracted about 20 Chinese investors in new businesses in the country.

But while the deals might seem slow in coming, organizers say building trust and familiarity is essential in any successful investment.

"We have three or four New Zealand companies that have got growth aspirations, preferably with Chinese export aspirations as well," Chinese Ice Angels project manager Brent Ogilvie told Xinhua in a phone interview. "There's a lot of investment capital and market potential."

Aside from New Zealand's major industries such as food and beverage and agriculture, Chinese investors are also interested in new industries, including software, health technologies, electronics and clean technologies.

"We've been very keen to work with the Chinese in New Zealand not only to leverage the investment that we're making but also to access their connections in China," Ogilvie said.

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