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Daniel Andrews reaches for new clients with Xi Jinping handshake

Primrose Riordan

Daniel Andrews was two years into his premiership of Victoria when Chinese sovereign wealth group, the China Investment Corporation, paid $1.2 billion for a stake in the Port of Melbourne via an investment in a fund.

The highly lucrative deal in 2016 alerted Andrews to the riches of the Chinese economy.

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covers private companies and family offices from the AFR’s Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com

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    Original URL: https://www.afr.com/policy/foreign-affairs/daniel-andrews-reaches-for-new-clients-with-xi-jinping-handshake-20250905-p5msr5