Unsourced material may be challenged and removed. EnergyAustralia (formerly TRUenergy) is an electricity generation, electricity and gas retailing private company in Australia, a wholly owned subsidiary of the Hong Kong-based and listed China Light and Power (CLP Group).
EnergyAustralia is owned by CLP Group, one of the oldest and largest integrated power businesses in the Asia Pacific. We employ around 2,500 people across Victoria, New South Wales and South Australia.
Ausgrid was wholly owned by the Government of New South Wales from 2011 to 2016. In 2016, the New South Wales Government offered the effective sale of a 50.4% stake in Ausgrid, through a 99-year lease. Initial bidding was won by a consortium of State Grid Corporation of China and Cheung Kong Infrastructure Holdings.
A number of Australian energy companies, for example, are owned by Chinese firms. EnergyAustralia, despite its name, is a wholly owned subsidiary of Hong Kong-based China Light and Power Co Ltd, while Alinta Energy is owned by Chow Tai Fook Enterprises.
Currently, 14.1 per cent of Australia's agricultural land is foreign owned, and China is the largest foreign owner (2.3 per cent). China is also the third-largest stakeholder of Australian water behind Canada and the US, owning 604 gigalitres or 1.5 per cent of the total Australian water entitlement.
According to a government report on foreign ownership of agricultural land, Chinese investors are in fact one of the largest foreign entities with an interest (leasehold and freehold) in Australian farmland.
In contrast, the majority of commercial properties in Australia are freehold, which means buyers can sit on them forever if they have the financial capacity to do so. Because this is the opposite in China, Chinese investors find the Australian market very attractive to purchase land.
The Australian state of Victoria has leased the port of Melbourne for $7.3bn (A$9.7bn) to a consortium led by the Queensland Investment Corporation (QIC), which also includes a Chinese sovereign wealth fund.
China's Luye Medical bought hospital operator Healthe Care and now owns 34 hospitals across Australia, making it the third largest operator in the country.
Chinese buyers are once again snapping up property in Australia, further fuelling resurgent prices in everything from luxury homes to tiny student apartments.
AGL. AGL is one of Australia's oldest companies, promoting itself as 'Proudly Australian since 1837'. Today, AGL is an ASX listed company, meaning that ownership is mixed among shareholders. Most major shareholders are Australian investment companies.
The top four owners of water entitlements by country are Canada with 2.0 percent of the total Australian water entitlement on issue, the US with 1.6 percent, China with 1.5 percent, and the UK with 1.0 percent.
We're 100% Australian owned
Red Energy is owned by Snowy Hydro Ltd and is the fourth largest energy retailer in the National Electricity Market.
Australia's electricity and gas network businesses are held in public and private ownership. In NSW, one electricity network is privately owned, two are 50.4 per cent privately owned and one is fully government owned. The Australian Capital Territory's electricity network is a joint public and privately owned entity.
EnergyAustralia has been named the best overall electricity provider in New South Wales and South East Queensland, following a year-long (April 2018- April 2019) program by consumer organisation Choice.
China's biggest airline presently owns half of Merredin Aerodrome and may soon own the entire airport, despite recently shutting down its pilot training school because of safety concerns. Anyone wishing to land at this airport must obtain permission from China Southern.
use of foreign-owned land
Aggregating total freehold and leasehold foreign ownership interests, China and the UK hold the largest area of total Australian agricultural land (each with 2.4 per cent), followed by the Netherlands (0.7 per cent) and the US (0.6 per cent).
Australia sold the Port of Melbourne lease to a consortium including foreign investors. On 19 September 2016, the Government of the State of Victoria announced the Lonsdale Consortium as the leaseholder for the Port of Melbourne.
Merredin aerodrome was leased under a 100-year lease arrangement by China Southern West Australian Flying College (CSWAFC), a Western Australian Joint Venture Company owned by China Southern Airlines (China) and CAE Inc.
Since President Xi Jinping visited Tasmania five years ago, six cherry orchards and the state's largest dairy farm have fallen into Chinese hands. Just last week, the Federal Government greenlit the sale of baby formula maker Bellamy's, headquartered in Tasmania's north, to Chinese dairy giant China Mengniu.
China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. Of that, 195,000 acres, worth almost $2 billion when purchased, are owned by 85 Chinese investors, which could be individuals, companies or the government.
Australia is China's sixth largest trading partner; it is China's fifth biggest supplier of imports and its tenth biggest customer for exports. Twenty-five per cent of Australia's manufactured imports come from China; 13% of its exports are thermal coal to China. A two-way investment relationship is also developing.
The overall value and growth in goods exported to China in recent years has been driven by exports of resource commodities, in particular metalliferous ores (mostly iron ore), and coal.
Between 2.5-4pc of Australian homes are owned by people who are not citizens or permanent residents.