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Friday, April 1, 2016, Columbia Business School hosted its ninth annual Chinese Business Conference Unveiling China’s Next Wave of Surprises at the Lerner Hall, attended by over 500 business leaders and students. More than 20 professional executives from China and the U.S. shared their insights about China’s macro economy, finance, real estate, and consumer markets during the one-day conference. As the Strategic Partner, China General Chamber of Commerce – U.S.A. (CGCC) members were involved in many of the discussions, represented by Xu Chen, Chairman of CGCC, President & CEO of Bank of China USA; Shau Zhang, Partner & Market Leader of Americas of China Oversea Investment Network of EY; Frances Chen, Managing Director of Global Investments & Strategies of Fosun Group; George Warnock, Global Leader of Deloitte Country Services Groups; Darcy Stacom, Vice Chairman of CBRE, and Joyce Chang, Global Head of Research at J.P. Morgan.
On behalf of CGCC and Bank of China USA, Chairman Xu delivered keynote speech – New Challenges and Opportunities for U.S. and Chinese Enterprises. He said, “Before 2014, most of Chinese investments in the United States focus on natural resources and financial sector. But in recent years, the total landscape has changed in a big way. Overall, Chinese companies are interested in more diversified industries, in which greater synergies could be achieved by taking advantages of both Chinese and the U.S. markets.” He especially mentioned that the investment waves brought by private sectors in technology, health care, food processing, commercial real estate, entertainment and other consumer-oriented industries were still likely to be the trend in the near future.
At the panel discussion Chinese Outbound Investment: Will the spending spree continue, Shau, Frances, and George analyzed the motivations, strategic plans, and tax and legal compliance that Chinese enterprises face when they invest overseas. Darcy expressed her optimistic view toward Chinese inbound real estate investment during another panel Is the tide turning? The future of inbound Chinese real estate investment.
Speakers participated in the conference also included Andrew Liveris, the Global CEO & President of Dow Chemical Company; Tang Ning, Founder and CEO of CreditEase, Chairman of the Beijing P2P Association; and Michael Malone, Associate Dean of Columbia Business School. This event was supported by CGCC Foundation with its mission to enhance understanding and communication about China-U.S. business development through educational and research activities.
(From: CGCC-USA)