Chinese companies are stepping up New Zealand investment after two big approvals were granted.
China Mengniu Dairy Company, listed on the Hong Kong Stock Exchange, can go ahead with a $212 million Waikato dairy investment.
The Overseas Investment Office (OIO) said China Mengniu controlled 68 per cent of Yashili New Zealand Dairy Co which is building a Pokeno milk processing plant to make paediatric milk powder products.
That deal meets the necessary criteria under the Overseas Investment Act, the OIO said.
Ling Hai Group, owned by China's Zongren Ling and family, has approval to buy 741ha of Marlborough land from Geoffrey and David Marfell and Castlebrae Vineyards for a secret sum for a wine and tourism deal.