Price Range: from $200 to $2,500,000
Land Area Range: from 10 m2 to 1,000 m2
Other Features
  • Home
  • knowledge
  • ,
  • News
Sinosmart Business Brokering was invited to attend the Asian Businesses in Australia Report launch event

Sinosmart Business Brokering was invited to attend the Asian Businesses in Australia Report launch event

Last Thursday, our director Barton Cha from Sinosmart Business Brokering was invited to attend the Asian Businesses in Australia Report launch event held by CBA and University of Sydney Business School.

In the report, the team has shown their clear understanding and appreciation the Asian Australias contribution to Australias economic growth. The researchers also sought to identify the potential of their transnational business ecosystems to create new products, services, digital technologies and markets. We all feel we are proud to be part of Asian background business people in Australia.

Australias diverse cultural make-up enriches our society and is a competitive advantage in business. It provides us with greater cultural awareness and understanding of our trading partners around the world. Our geographical proximity to the Asia-Pacific, one of the worlds

most dynamic and fastest growing regions, is also advantageous to Australian businesses.

People of Asian heritage most notably Chinese, Indian, Filipino, Vietnamese, Korean and Sri Lankan represent 17 percent of the Australian population. Every day, through our many relationships with Australian businesses, we can see that Asian businesses in Australia bring immense vibrancy to our small- and medium- sized business sector. Additionally, through their complex business ecosystems, they provide valuable linkages to the Asian economy. ——-Tim Browne from CBA

The research gives some clear points as below.

  1. Australia is increasingly dependent on the Asia Pacific region. These resource industries contribute most to Australia’s openness toward the Asia Pacific region. The supply chains in the Asia- Pacific region are stepping stones for Australian resources exports into global markets.
  • Australia’s integration into Asia is its main pathway to openness to the world. Australia is more deeply integrated into Asian value chains

   than into North American or European value chains in value-added terms.

   Regional economic dynamics drive this integration into complex regional value    chains.

  • Australia’s business links with Asia are expanding in new ways. Traditionally driven by the resources sector, Australia’s business links with Asia are diversifying into new industries and transferring market knowledge and technologies from advanced Asian markets. A new generation of Asian-Australian entrepreneurs are looking for opportunities in their ancestral countries and pioneering transnational collaboration in areas such as manufacturing, digitalisation and

e-commerce.

  • Asian-Australian entrepreneurs are culturally integrated, highly educated, and have mainstream professional work experience. The cliche of migrant entrepreneurs as outsiders with low formal qualifications and poor language skills has made way to generational change. The Asian-

Australian ‘s education level is high and most of them have gained corporate work experience in professional or managerial positions before starting their businesses.

  • Asian-Australian businesses have adopted online commerce as a mode of buying and selling. Many of them are pulled into online commerce by their network partners in Asia who depend on vibrant e-commerce ecosystems.
  • The principal contribution of Asian- Australian business to the Australia economy lies in their transnational business ecosystems. They can help Australian businesses diversify their products, services, suppliers, technologies, and markets, which will increase the overall openness and resilience of the Australian economy.
  • Diverse Asian backgrounds show that immigrant entrepreneurs from Asia have distinct social, technological, and entrepreneurial characteristics that add diversity and vibrancy to Australian small and medium-size enterprises

They are transferring market know-how, technologies, and new products and services from Asia to Australia.

        For more details, pls find it from the below link. asian-business-banking-report.pdf (commbank.com.au)

Compare