COVID-19

Red flags? The experience of Chinese companies on the Australian Securities Exchange

Crawford School of Public Policy

Event details

Seminar

Date & time

Thursday 28 May 2015
12.00pm–1.00pm

Venue

Seminar Room 9, Level 2, JG Crawford Building 132, Lennox Crossing, ANU

Speaker

Tom Williams, The Australian Centre on China in the World, ANU.

Contacts

Rosemary Tran
02 6125 6453

This presentation will provide an overview of a research project into the performance of Chinese companies in Australia. It will identify and describe all of the Chinese companies listed on the Australian Securities Exchange (ASX); outline the methodology employed to find these companies; and then detail the collective performance of Chinese companies to date. Their trading performance over the last five years was negative 26 per cent, underperforming the All Ordinaries Index by 47 per cent. Unsurprisingly, 65 per cent of companies are unprofitable, with most of those that are profitable under investigation by Australian Securities and Investments Commission or likely to go out of business. This lack of success contrasts strongly with popular concerns that Chinese businesses and businessmen are ‘taking over’ Australia. Discussion will then move to the implications of these findings. Tom will talk through common experiences across these companies and offer a number of suggestions as to how the situation can be improved for both Chinese companies and Australian investors.

Updated:  27 September 2023/Responsible Officer:  Crawford Engagement/Page Contact:  CAP Web Team