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Good morning, it is a pleasure to open this conference.

The Chinese and New Zealand Governments enjoy a warm and constructive relationship, and the New Zealand political leadership has had the opportunity of frequent and open access to China’s most senior leaders. We are delighted to host China’s leaders on their frequent visits to New Zealand.

This year marks 40 years since the establishment of diplomatic and trade relations between China and New Zealand.

Good afternoon. Thank you to the Wellington Employers’ Chamber of Commerce for inviting me back to speak to you again this year – it’s a pleasure to be here.

Our ministers value opportunities like this to share ideas about how we can meet the challenges we face as a nation - and how we can grasp the many opportunities we have.

So I look forward to your comments and questions at the end of this session.

Good afternoon. It’s a pleasure to join you here today.

My thanks to Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event.

It’s now almost three months since John Key’s National-led Government was returned for a second term.

So today I want to outline the cornerstones of the policy programme you can expect from the Government over the next three years.

Good evening.

It's just over a year since Prime Minister John Key first outlined the Government's plans to sell minority stakes in its four energy companies and Air New Zealand.

Since then, there has been plenty of noise - mainly from our political opponents. So today I'd like to go back over the reasons why the Government is proceeding with mixed ownership.

The rationale is fairly simple - mixed ownership is a win-win for New Zealand.