Chinese billionaire Jiang Zhaobai, who now owns the Crafar dairy farming empire, is back in New Zealand forging a relationship with Maori and looking for further deals in the dairy and hotel industries and in Christchurch.
Mr Jiang, ranked 82 on the Forbes China rich list, flew into Auckland early last Saturday and later that day attended the Taniwha and Dragon Festival at Orakei Marae.
Mr Jiang, whose personal wealth is estimated at US$1.2 billion, was invited to the festival by Maori Affairs Minister Pita Sharples when the pair met up during the recent John Key-led trade visit to China.
Mr Jiang's company Shanghai Pengxin last year successfully completed its controversial purchase of the 16 Crafar dairy farms. The deal sparked public fears over foreign - particularly Chinese - ownership of New Zealand land and was challenged in court twice by a rival consortium of buyers led by Sir Michael Fay.
New Zealand based Shanghai Pengxin executive Terry Lee told the Herald that while there no immediate plans for further farm purchases, he and Mr Jiang were "talking to people in different areas and looking for opportunities", during his visit.