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  • Delegation from Heilongjiang Province visits CGCC and Bank of China USA

Delegation from Heilongjiang Province visits CGCC and Bank of China USA

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Thursday, September 15, 2016—China General Chamber of Commerce – U.S.A. (CGCC) hosted a business meeting for the government delegation from Department of Commerce of Heilongjiang Province at Bank of China USA New York Branch. The delegation was led by Director General of Department of Commerce of Heilongjiang Province Meng Xiangjun. Chairman of CGCC and President and CEO of Bank of China USA Xu Chen, Economic and Commercial Counsellor Zhou Shanqing and Consul Xue Dong from Chinese Consulate General in New York attended the meeting.

The mission of delegation is to enhance the business communication between the Heilongjiang province with the United States and Canada. Particularly, the delegation intends to establish connections with local Chinese enterprises and chambers of commerce in the United States and to unite Heilongjiang enterprises who have already invested in the U.S. and build up better cooperation.
CGCC Chairman Xu introduced the general investment environment in the United States, and suggested that based on Heilongjiang’s great advantages and potentials in agriculture, commodities, and pharmaceutical industry, Heilongjiang could have great investment opportunities in the U.S., especially in the northeastern region and in the agriculture, dairy and manufacture industries.

Xu also pointed out that Chinese banks played an important role in supporting Chinese enterprises to invest in the U.S. For example, in 2013, the Shuanghui International’s record deal to buy Smithfield Foods was half financed by Bank of China. Xu said, Bank of China would like to join hands with influential Heilongjiang enterprises and help them come to invest in the U.S.

Director General Meng Xiangjun expressed special thanks to CGCC, Chinese Consulate General in New York and Bank of China New York Branch. Meng said, Heilongjiang was determined to open up more widely and extend its major trade partners from simply Russia to multiple regions including North America, Japan, Korea and Europe.

Heilongjiang would utilize its advantages in agriculture and manufacturing and promote the China-U.S. two-way investment in green food, grain processing, tourism, and advanced manufacturing. Meng emphasized that civil organizations such as chambers of commerce played a critical role in foreign trade and investment, and he looked forward to further cooperation with CGCC in the future.

CGCC has been working hard to facilitate the state- and city-level business communication between China and the United States. CGCC presents special thanks to Bank of China USA and other relevant parties for their great support for this event.