🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

UPDATE 1-Chinese businessman denies reported justification for Australian visa cancellation

Published 09/02/2019, 12:32 pm
Updated 09/02/2019, 12:40 pm
UPDATE 1-Chinese businessman denies reported justification for Australian visa cancellation

(Adds Chinese foreign ministry comment)

SYDNEY, Feb 8 (Reuters) - A prominent Chinese businessman and political donor, linked in the past to a row about the promotion of Chinese interests, said on Friday Australia's decision to rescind his visa was based on nothing more than speculation.

Huang Xiangmo is unable to return to Australia after the government rejected his application for citizenship and revoked his visa while he was overseas, newspaper reports said this week. media, citing unidentified sources, said Huang was denied residency after intelligence agencies concluded he could undertake "acts of foreign interference" and that he was unfit for residency.

Huang rejected that assessment and criticised Australia in his first public comments since the visa cancellation was revealed.

"It is profoundly disappointing to be treated in such a grotesquely unfair manner. The decision to cancel my visa was based on unfounded speculations that are prejudiced and groundless," Huang told the Australian Financial Review.

"There are many Australian companies in China, aren't they more likely to be susceptible to potential manipulation by the Chinese government?" he said.

Representatives for Australia's Department of Home Affairs and a spokeswoman for Minister for Immigration David Coleman did not respond immediately to requests for comment.

China's foreign ministry, in a short statement read over the telephone to Reuters, said it did not know anything about the issue, but that China never interferes in the internal affairs of other countries.

Huang's expulsion comes as Australia and China seek to repair ties that have been strained since 2017, when Canberra accused Beijing of meddling in its domestic affairs. China denies the accusation. emerged as one of Australia's biggest political donors soon after he began living in Australia. He rose to prominence after an influential opposition lawmaker was forced to resign in 2017, when allegations emerged that he was linked to Chinese-aligned interests.

The lawmaker, Sam Dastyari, sought to encourage a senior politician not to meet a Chinese pro-democracy activist opposed to Beijing's rule in Hong Kong in 2015. was also recorded warning Huang that his phone may be tapped.

Huang stopped political donations after that incident but later expanded his business interests in Australia. He paid nearly A$1 billion ($715 million) in 2018 for two Australian projects owned by Chinese conglomerate Dalian Wanda Group.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.