Kahungunu Asset Holding is no slouch, growing its $31m fisheries Treaty Settlement to $120m.
Mr Morgan has many titles and roles but at the Summit he was speaking as a director of Tainui Group Holdings, of which he is the Maori King's representative.
"We pride ourselves in getting good returns - if you look at our hotels they are a money-making machine. Our growth last year was 14 per cent," Mr Morgan said.
He announced a joint venture between Waikato Tainui and Ngati Kahungunu, with Tainui's fishing quotas fished from Hawke's Bay.
Kahungunu Asset Holding Company director Taine Randell announced the purchase of the 34m Glomfjord, a deep-sea vessel en route from Norway.
It is small by deep sea standards which enables it to also fish inshore.
As well as catching its own quota it seeks a shareholding in Hawke's Bay Seafoods, which has caught and processed Kahungunu's fishing quota.
Hawke's Bay Seafoods fishes several iwi quota but a cloud hangs over the company, following a 2014 raid by several government agencies from which serious charges could be laid.
Mr Tomoana has long spoke about Maori being integral in value chains and the iwi has done so with the Fiordland Lobster Company.
Ngati Kahungunu have leased their crayfish quota to Fiordland Lobster for 10 years and has bought into it, the largest live crayfish export company in Australasia.
It is a lucrative business. An average-sized New Zealand crayfish sells for about $300 in upmarket Shanghai restaurants.
The value of the company has risen from the original capital of just over $200,000 to more than $140m.
Last year Ngati Kahungunu and Fiordland Lobster opened a $6m processing factory in South Auckland, owned by Ngati Kahungunu and leased to Fiordland Lobster.
Mr Tomoana said an experienced crew for its fishing boat was being sourced through iwi contacts, some currently fishing in Australia and Papua New Guinea.
"At the moment we don't do deep sea but post April/May we will be," he said.
Mr Morgan said the "stars weren't aligned" for an earlier joint venture but the two iwi were inextricably linked and they would build a prosperous inter-generational future together.
Size mattered in business - "scale is everything", he said.
"We need to come together and create scale or we will always be small players."
Ngati Kahungunu wishes to also control the value chain on land as well.
In 2013 NKII purchased the 3680ha Tautane Station in Herbertville as part of an iwi diversification from fisheries to farming.
It has been leased by Taratahi Agricultural Training but the iwi will eventually take full control.
Waikato Tainui is keen to be part of any opportunity.
"We are going to build prosperity together," Mr Morgan said.
"We will start off with fish and the gates of the world will open."
ANZ Managing Director Corporate and Agri Mark Hiddleston said Maori companies were closer to the gates than most.
He was speaking at the Taniwha Dragon Economic Summit this week in Hastings, hosted by Ngati Kahungunu Iwi Incorporated to bring together business and political leaders from New Zealand, Maori, China and the Pacific to network and develop trade and investment opportunities.
Mr Hiddleston said the maturity of Maori businesses had "far exceeded" expectations and were poised to "thrive on the world stage".
"It takes strong leadership, good leadership and a will to go beyond those resources that might be at hand," he said.
Maori businesses were significantly more optimistic about the future and collaborating twice as much as non-Maori businesses, he said.
"That collaboration is leveraging other investment, capital, relationships and channels, allowing them to succeed at a faster rate than non-Maori business.
"Most important for me is a quarter are now operating internationally. That growth rate is exponential - Maori businesses have a far greater international and global ambition than non-Maori."
He said 10 years ago the Summit would have been impossible and attributed its success to Mr Tomoana.
His Summit invitations to Chinese parties were made by phone call, many to people he has met on multiple trips to China.
He has a long-standing relationship with summit co-host Chairman Chan of Lei Garden.
His businesses employ 2500 people, including 26 restaurants with 37 Michelin stars between them.
He said safe, healthy and delicious food was Lei Garden's "social mission", with the majority of people's first concern that it be delicious.
He has developed FarmMorrow - tomorrow's farm - to secure quality and safety, building a 1000sq m processing facility in Hong Kong.
He said to lift the standard further he was looking to New Zealand, a global leader in food safety offering "the ideal combination of regulatory environment and natural resources".
Chairman Chan sought a "long term, mutually-successful relationship with New Zealand" and at the Summit dinner at Craggy Range Winery announced he would build a Hawke's Bay food processing facility once surety of supply was confirmed for a planned chain of bistros.
Pengxin Group president of overseas investment Terry Lee said the Government's rejection of Shanghai Pengxin's bid to buy Lochinver station steered the company towards joint ventures.
He said it had invested more than $560m and "often connected with Maori".
"With majority Maori-owned Miraka Ltd we are selling UHT milk in 1200 supermarkets," he said.
"Today the Chinese consumer buys milk for nutrition but they are also paying for the story - the total story from the farm to the glass.
"Iwi have big advantages in telling the NZ story."
Zhou Jinwang of China's second-largest fishing company, Shanghai Fisheries, said it could not meet Chinese demand with its 80 ships and sought more international joint ventures.
Alibaba Group director of business development Australia and New Zealand John O'Loghlen said the Maori story and its links with Chinese culture was something many businesses "would die to have".
Alibaba controls more than half of Chinese e-commerce and Mr O'Loghlen said Australia and New Zealand goods ranked fourth on its China retail platform "which is astounding" considering the combined population of the countries.
"None of our European markets have that pull with Chinese consumers."
He said the Chinese market was moving away from commodity items towards branded products "where you need to be able to tell your story".
"This is a very, very competitive marketplace, so be sure when you go to China your product is not just best in class in New Zealand, but best in class in the world.".
Alibaba Group founder and executive chairman Jack Ma was invited to the Summit but Mr Loughlen said he had visited Hawke's Bay.
"Because of their experience of New Zealand and relationships here Alibaba senior management know New Zealand better than New Zealand knows China."
Chinese real estate giant Shanghai Cred bought a Northland property development from a united States banker in 2013 for $29m.
Living nearby is Ngati Kahu chair professor Margaret Mutu.
She told the Summit the original developer violated tapu "and our people paid the price".
"Shanghai Cred took over the resort and in our first meeting they agreed to protect all our waahi tapu. That's all we were looking for."
Shanghai Cred was "a pleasure to work with" and shared similar culture and values.
Hawke's Bay grower and exporter John Bostock said Chairman Chan's sentiment on food quality and safety were "absolute music to my ears".
With an apt slip of the tongue he said he was proud to be associated with Ngahiwi Kahungunu and the Summit.
He said his group of companies had a $120m turnover from pumpkins, onions, icecream, grain and chicken and invited people to visit his operation, one week out from apple harvest.
Many Chinese businessman took him up on his offer, notably absent on the second day of the Summit.
Before the Craggy Range dinner Chinese investors were given 10 minutes each with Prime Minister Bill English, outlining their New Zealand investments.
He said he was impressed with the number of high-powered Chinese investors and applauded the Summit.
"What you are doing here is just so important," he said.
The "unique" mix of Maori, Pakeha and Chinese was the future of New Zealand "and what Ngahiwi and Ngati Kahungunu have done is show us the path", Mr English said.
Mr Tomoana said the Government gave "hefty support" to the Summit, with three Ministers also speaking: Minister for Economic Development Simon Bridges, Minister of Trade Todd McLay and Minister of Maori Development Te Ururoa Flavell.
Sir Donald McKinnon, chairman of the New Zealand China Council and former Commonwealth Secretary-General, Deputy Prime Minister and Minister of Foreign Affairs, said the Maori economy was worth $42 billion and its strong growth sustainable.
Stronger ties with China were "entirely appropriate" with China New Zealand's biggest trading nation, as it was for the Maori economy.
There was a natural affinity between Maori and East Asia so "building relationships is the most natural thing in the world".
"Us more white-faced we have survived on transactional relationships for years, but you are teaching us the benefits of these more empathetic relationships, which is more important," he said.
"From that you develop partnerships, from that you develop greater learning, from that there are benefits to all."
