US-CHINA CHAMBER OF COMMERCE EVENTS
 

• Attracting Chinese Companies to Your City: What Do You Need to Know?
   Tuesday, August 19, 2008.

Since 2002, Chinese companies have been strongly encouraged by the Chinese government to “Go Out.” Chinese companies going overseas are primarily for the purpose of securing a reliable and uninterrupted supply of raw materials; acquiring brands, distribution channels, or technology; and simply going out because others are doing it.

Despite the efforts being undertaken by both the U.S. and Chinese governments and the vast potential for investments from China into the U.S. to generate enormous mutual benefits, investments from China have been sporadic due to the lack of understanding the culture and willingness by both parties in accommodating the commercial requirements of each other given the specific circumstances. Chinese companies could be substantially different from their counterparts in the U.S:

    - Chinese companies’ pursuit of a “grand conglomerate” model
    - Chinese companies prizing of tangible assets, such as real estate, over intangible ones
    - Government and symbolism play an important role in Chinese culture - Involvement with the government and name recognition are critical for attracting Chinese investors

How can you bring Chinese companies to your area? What are Chinese companies looking for in making an investment decision?

To further promote trade and investments between the U.S. and China, U.S.-China Chamber of Commerce is initiating a number of activities specifically to aid municipalities in the U.S. to do business with China. A series of programs will be introduced, and the first of which is:

    “Attracting Chinese Companies to Your City: What Do You Need to Know?”
                                                      A USCCC Webcast
                                  Tuesday, August 19, 2008 at 2:30 p.m. CST

                 Pin Ni, President, Wanxiang America Corporation and Director,
                                   U.S.-China Chamber of Commerce

The parent company of Wanxiang America is located in Xiaoshan, Hangzhou and is the largest auto parts company in China. It launched its American operations in 1995, and in 2007, the aggregate revenue of its U.S. subsidiary has approached US$883 million with 4,000 employees. Wanxiang America Corporation is now headquartered in Elgin, Illinois with 22 facilities in nine states in the U.S. It has recently acquired a division of Ford Motors and also has investments in natural resources, real estate, high tech industries, venture capital funds, and renewable energy.

Mr. Ni will discuss:

    - Wanxiang’s strategy in coming to the U.S.
    - The company’s investment criteria
    - Why they chose Elgin as their headquarters over other regions
    - His experience in working with various government agencies in the U.S.

I sincerely hope that you will consider joining us for this exceptional presentation to better understand and accommodate the needs, as well as the commercial and cultural requirements, of Chinese companies coming to the U.S. For further information, please feel free to give me a call at 312-368-9911 or email me at sivayam@usccc.org.

With best,
Siva Yam, CPA, CFA
President
U.S.-China Chamber of Commerce

    Download Registration Form   or   Register Online
   



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