Chinese investors may launch $10 billion fund to invest in New Zealand tourism

Chinese investment firm Shanghai Pengxin and Hong Kong-based Sailing Capital are considering establishing a fund to invest US$10 billion-US$20 billion in developing New Zealand tourism infrastructure.

Shanghai Pengxin chairman Jiang Zhoabai floated the prospect while visiting New Zealand and plans to talk to the Government about it…Jiang notes that New Zealand’s immigration requirements might need to be changed to accommodate larger numbers of Chinese needed to service the projected big influx of tourist visitors from China.

Chinese appetite: “There is an appetite to live in New Zealand and a growing group of affluent Chinese are looking to invest here in advance of moving to NZ…Pollution in China is very serious. They like to bring their children here to live, in addition they can invest here and live in New Zealand and they are happy to do so.”