China Construction Bank (CCB), the world’s second biggest bank, wants to become more involved in funding New Zealand infrastructure and housing projects as the country becomes less reliant its traditional lenders - Australia’s big four banks.
CCB New Zealand, which gained a local banking licence in 2014, already has a balance sheet worth $1 billion.
It has already supported some large corporate transactions and is involved in the mortgage market. Its New Zealand mortgage book - lending to its mostly Chinese customer base - stands at $400 million. (more…)
A Chinese identity thief on the run in New Zealand for more than a decade has been sentenced to two and a half years in prison for a string of offences.
Yuiuo Qin, 35, appeared in Auckland District Court this afternoon after she pleaded guilty last October to abandoning her 14-month-old daughter in September 2007, and to abandoning her now 4-year-old son in August of last year.
The mother of three, who came to New Zealand in 2001 at the age of 18 to study accounting, left the children with her landlord and friend while “maintaining” her life in the sex industry, Judge Claire Ryan said during sentencing.
Her children were a result of her work in the sex industry, the court heard. (more…)
A new strategy has been adopted to embrace Christchurch’s status as a diverse and multicultural city.
The Christchurch Multicultural Strategy 2017-2021 “Our Future Together” was adopted by the Christchurch City Council at a meeting today.
In June 2015 the Community Housing and Economic Development Committee resolved to establish a Multicultural Working Party to produce a strategy The document will help the Council respond to the changing face of the city’s population. It sets a number of goals and actions that will help all residents feel they belong and are welcome here. (more…)
ANZ Bank celebrated the Chinese NewYear with about 500 guests at the Sky City Convention Centre in Auckland City this afternoon.
ANZ Managing Director (Retail & Business Banking) Antonia Watson said that the Bank is proud of its association with the Chinese community and that diversity is celebrated through its multicultural staff and customers.
Among the highlights of the luncheon function were dances performed by the Chinese Cultural Group and presentation of Awards to members of the Chinese community for their outstanding contributions to the community. (more…)
Following worldwide protests against US President Donald Trump’s divisive policies and rhetoric, Manawatu rallies have been organised to support refugees and Muslims.
The “you’re welcome rally” is planned for Sunday in The Square in Palmerston North, from 1 to 2pm, and is described as a positive and peaceful event. In Whanganui, about 70 people joined a “we’re with you rally” on Waitangi Day.
Organiser of the Palmerston North event, Lorna Johnson, said she was prompted by refugee and Muslim friends’ reactions to Trump’s controversial ban that briefly prevented immigration to the United States by people from seven predominantly Muslim nations. (more…)
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