Building ‘guanxi’ for your business

Photo: Alpha Group General Manager Maggie Chen and BNZ Commercial Partner Franky Wang exchange mooncakes.

Jamie Rihia, BNZ’s Head of Growth Segments, explains the importance of the Mid-Autumn Festival in Chinese culture and how kiwi businesses can start to build valuable relationships in the Chinese market.

This year, the Chinese Mid-Autumn Festival (or Mooncake Festival) takes place on October 4th, marking the time of year when the moon is at its fullest and brightest. It is the second most important festival to Chinese people after Chinese New Year, and is traditionally a time for honouring deities, ancestors and uniting families. Continue reading…

Mooncake Festival lights up Chinese business opportunities

BNZ’s Head of Asia Business Paul Gestro reflects on what Mid-Autumn Festival (or Mooncake Festival) means if you are doing business with China.

If you do business in China, you’ll be more than familiar with the Mid-Autumn Festival (or Mooncake Festival) – the second most important festival to Chinese people after the New Year. You may already have a stack of uneaten cakes piling up on your desk – as business partners, colleagues, employees, friends or family seek to acknowledge you during this traditional gift-giving time of the lunar year. Continue reading…

World Dairy Prices 101 with Tony Alexander

We’ve heard about Greece and China. This time, in a Q+A session, we asked BNZ Chief Economist Tony Alexander to explain why international dairy prices are so low, whether farmers should be able to farm through them, and what it means for the New Zealand economy. Here are his answers. Continue reading…