‘Asia isn’t just China’: CEO of Australia’s ANZ says More Companies are Looking Beyond China as Tensions Flare



Weizhen Tan | CNBC

SINGAPORE — Australia’s recent tensions with China have led more companies to consider diversifying to other parts of Asia – rather than just focusing on China alone, said the CEO of Australia and New Zealand Banking Group, Shayne Elliott.

ANZ — one of Australia’s largest banks — has been talking to companies in Australia and New Zealand about opportunities in Asia, he told CNBC’s Will Koulouris on Thursday.

“One of our messages has been: Asia isn’t just China. There’s a big difference between the opportunities in Japan, or Korea, or Singapore, or the Philippines or India, and we wanted to introduce people to those,” Elliott said.

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