China U.S. Business Summit Holds L.A Event Linking Chinese and American Entrepreneurs

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EB-5 Investment Report recently attended the China/US Business Summit at the Millennium Biltmore Hotel in Los Angeles, CA. The event provided both Chinese and American investors the ability to network creating new business opportunities.

Steven Shen Speaking at the US/China Summit

Steven Shen Speaking at the US/China Summit

. . . [Chinese Investors] want to expand their business and do business in the United States. Of course, they need a convenient way to go back and forth so that [EB-5] is definitely related to their immigration issue.

The Millennium Biltmore Hotel in Los Angeles California was recently one of the four venues for Chinese investors to learn about American investments and meet American entrepreneurs face to face in hopes of building relationships that will benefit both countries. The summit traveled from coast to coast exposing investors to match making business opportunities in the United States.

CUSBS Chairman Steven Shen said, “For this event we have about 100 entrepreneurs who flew directly from China to be here in Los Angeles and they’re going to meet over 100 local American entrepreneurs… exchanging ideas. I believe that will help the understanding from both sides of the people.”

The L.A. summit featured different forums including business, education and real estate.

Attendees at the L.A. event not only included investors but a range of people with Chinese and American interests. EB-5 Investment Report was able to interview some of the guests and CUSBS committee members.

Paul Swenson is the president of the Council of the American States in China and said events like this are important for cultural and business exchanges to understand certain marketplaces. He was a guest speaker at the event and spoke of reducing the fear that many investors have about investing in the American market and making safer investments.

Tie Zhang, President of Gold Coast Wine Club, promotes the California life style in China. He said his clients see the EB-5 program as a good channel for coming to the United States, but says that they are concerned with some of the undefined goals of project business plans. He adds that they also don’t know how to choose a regional center to work with.

Yang Li, Associate Director of International Marketing for UC Riverside said over 1,000 of the university’s international students come from China. Their goal is not only to receive a higher education but many want to continue living in the U.S. after they complete their education which makes them a good candidate for the EB-5 program, according to Li.

General Manager of CUSBS, Gin Zhang talked about how one of their projects, Housing Settlement in America, can facilitate the EB-5 program. She said, “Those investors and business people in China, they have enough financial power that they want to expand their business and do business in the United States. Of course, they need a convenient way to go back and forth so that [EB-5] is definitely related to their immigration issue.”

Shen said EB-5 is an important channel for Chinese investors who favor the program as a means to attain U.S. residency. “We now have the trend that most of the Chinese entrepreneurs, they want to reside here and they want to put money here to do business inside the United States. EB-5 is certainly one simple important channel for them.

China U.S. Business Summit’s event was a 10 day long tour that started in New York. The summit then traveled to Los Angeles, Long Beach, Las Vegas and San Diego where investors were able to survey projects, do some sightseeing and meet with American entrepreneurs.

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Dwight Cromie

Bill Friedl
Altek Media Group
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