17 Mar 2016: The report on the first Asia Pacific benchmark survey of alternative finance was released yesterday. It reveals that the Asia Pacific alternative finance sector was worth $102.8 billion in 2015. China dominates the figures, accounting for 99% of this figure. The comprehensive report also shows high growth in a number of countries, such as New Zealand, Australia, Japan, Korea, Singapore and India. The report is the first academic study of the sector and was conducted by a joint venture between Cambridge University, Tsinghua University and the University of Sydney.
1 Mar 2016: The Australian government’s crowdfunding legislation moved a step closer to becoming law today as the Senate Economics Committee released its report on the Bill. Recommending that that legislation be passed, Committee surveyed the concerns raised by the nascent industry and recommended that the new regime be reviewed within two years. The Opposition has introduced amendments to address two of these concerns, which would open up crowdfunding to all Australian companies and increase the maximum size of a crowdfunding company to $10M.
25 Feb 2016: A New Zealand campaign to buy a private beach for the public in a national park has succeeded in its bid to secure the beachfront land. The campaign on New Zealand’s biggest crowdfunding site, Givealittle, raised over NZ$2 million from more than 40,000 people. The cause struck a chord with many Kiwis, whose desire to see the land become part of the country’s iconic Abel Tasman National Park, will now be realised.