Bilateral investment opportunities with China explored at Auckland Lantern Festival

Key highlights:
  • An inaugural business trade event, the ASB Lantern Forum will take place during the Auckland Lantern Festival on Thursday 9, February.
  • The forum will capitalise on the profile of the Auckland Lantern Festival and is expected to attract around 200 delegates and business people.
  • China is Auckland’s second largest export market with significant opportunities for further growth.


A forum on business relations between New Zealand and China will take place during the Auckland Lantern Festival – New Zealand’s largest Chinese cultural festival which attracts more than 200,000 people.

The inaugural ASB Lantern Forum business trade event, which will be held on Thursday 9, February, aims to capitalise on the profile of the Auckland Lantern Festival and build bilateral investment opportunities.

Auckland Tourism, Events and Economic Development (ATEED), on behalf of Auckland Council, is working in partnership with ASB and the Asia New Zealand Foundation to organise the forum, which will connect around 200 Chinese delegates, migrants and business people.

ATEED General Manager Business, Innovation and Skills, Patrick McVeigh says the ASB Lantern Forum is part of ATEED’s work to increase investment, luxury tourism and trade between Auckland and China.

“New Zealand’s trade relationship with China has nearly tripled over the past decade. Two-way trade between the two countries totaled $18.8 billion in the year ending December 2015,” he says.
“China is Auckland’s second largest export market and there is huge potential for further growth. The ASB Lantern Forum will look to determine how to convert that potential into real economic gain with discussions around current economic ties, investment, government policy and future trading opportunities,” Patrick McVeigh says.

ASB General Manager Branch and International Banking Logan Munro says ASB is excited to be a part of the first annual ASB Lantern Forum.

"The ASB Lantern Forum is a powerful opportunity to connect the Auckland and Chinese business communities at a significant time of the year. We think the ASB Lantern Forum is a great way to kick off the Auckland Lantern Festival," Mr Munro says.

The ASB Lantern Forum follows on from the Tripartite Economic Summit 2016 held in May, another of ATEED’s initiatives aimed at increasing Auckland’s connections and business with China which resulted in millions of dollars being invested in the local economy.

The ASB Lantern Forum will be held at the Auckland Museum Event Centre and will be followed by the Auckland Lantern Festival opening ceremony in the Auckland Domain. 


Ateed Logo WideATEED is Kea's Global Economic Development Partner, putting Auckland on the international map and connecting it to the world. 


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