China May Allow its Citizens to Buy up to US$200,000 Foreign Currencies Each Year

According to a recent report published in the China Securities Journal, the City of Wenzhou, Zhejiang Province has become the first Chinese city to allow private citizens to invest in overseas projects. The report stated that the city had already unveiled a pilot project that allowed its citizens to invest up to US$200 million abroad annually. According to the pilot program, individuals who are over 18 years old and have registered their legal residence in the City of Wenzhou and have passports would be allowed to make direct overseas investments.  Applicants are not be allowed to invest in countries that do not have diplomatic ties with the People's Republic of China.
Mr. Zhou Xiaoping, a local economic and foreign trade affairs, said that the pilot program is aimed at creating a regulated overseas investment channel for individuals, encouraging private investors to take part in international commercial cooperation and liberalizing the city's economy.

Chinese citizens are currently only allowed to exchange a maximum of US$50,000 worth of foreign currencies annually.  A recent news report indicated that Chinese government is ready to loosen its foreign exchange policy and allows private citizens to buy a maximum of US$200,000 worth of foreign currencies.  If the policy becomes effect, more Chinese citizens will be interested in investing in foreign countries.

Las Vegas Conference Feature Chinese Migration Firm: Worldway Immigration Services Ltd.

Dr. Xing and Joop Bollen of SDRC

Dr. Winner Xing, CEO of Worldway International Development Limited and Worldway Immigration Services, Ltd., will be speaking at the Las Vegas EB-5 Investors Procurement Conference on Feb 20, 2011.  The Chinese licensed migration consulting firm was established in Hong Kong in 1998; it is engaged in EB-5 immigration consulting services and provides professional services through its Chinese mainland offices in Beijing, Shanghai, Qingdao, Shenzhen, and Macao.  Worldway is highly experienced in advising its Chinese prospective clients on EB-5 program and Regional Center projects.  The firm is headed by Dr. Winner Xing; and it is currently promoting Idaho State Regional Center and South Dakota Regional Center projects.

American Real Estate Companies Seek New Opportunities in China

Many commercial real estate developers and investment projects are looking to the East to seek investment capital and funding. CMB Export, LLC, Mirzam Investor Green Card Regional Center, CIPS - Certified International Property Specialist, and RCI-FirstPathway Partners are the newest exhibitors with the Invest in America 2011 (Guangzhou) Summit to promote their services and projects to Chinese investors. The event host Wailian Overseas Consulting Group estimates that the event is to attract over 10,000 business executives and investors around China. For more information about the Summit, log on http://investAmerica2011.org

Commerical Real Estate Developers Look Into EB-5 Regional Center Program for Alternative Capital

New York City EB-5 Seminar January 25, 2011

Commercial real estate developers around the country are looking into EB-5 regional center pilot program to raise capital from foreign immigrant investors who are typically from China, Korea, the U.K., India, and the Middle East region. There are over 130 EB-5 regional centers approved by USCIS.  Las Vegas EB-5 Conference on Feb 19-20 offers great opportunities for real estate developers and immigration attorneys who are interested in the EB-5 immigrant investor program.  To learn more about EB-5 Conference in Las Vegas, please log on http://eb5newsblog.org

China Trade Show: Promoting US Real Estate at the Invest in America 2011 (Guangzhou) Summit - Immigration and Investment Opportunities

Invest in America 2011 (Guangzhou) Summit - Immigration and Investment Opportunities is the largest American investment conference and exhibition in China this year.  With instant access to major Chinese media and nationwide business network by Wailian Group's 20 offices around the country, the Summit will attract large crowds of interested investors and business executives who are eager to learn more about your investment and business opportunities.  The event encourages and welcomes U.S. EB-5 regional centers,  investment project developers,  real estate brokerage firms, franchises, PE and VC companies, financial services, attorneys, CPAs, international trade agencies, government officials, and colleges to participate in exhibition and presentations.  The exhibition will take place at the five-star Guangzhou Grand Hyatt hotel with a large exhibition venue, four meeting rooms and excellent amenities.  In addition to individual booth space in the exhibition hall, exhibitors will have opportunities to present project seminars and private meetings with potential investors and partners.

To register today, please log on http://investAmerica2011.org

EB-5 Regional Center Conference in Las Vegas Announced

After three successful EB-5 seminars in Chicago and New York City, Artisan Business Group is planning and hosting a one day "EB-5 Regional Centers Promotion and Investors Procurement - Meeting Migration Brokers and VIP Speakers from China, Taiwan, Korea and the US" Conference at Stratosphere Hotel on Feb 20, 2011. For the first time, top executives with licensed Chinese migration companies will join us in Las Vegas. Come to meet with the major brokers that have served over 50% Chinese market capacity.The event will be one of the best EB-5 conferences this year; it is sponsored by Wailian Overseas Consulting Group and NES Financial.

VIP Speakers and Guests (tentative):

Mr. John Jiang, Managing Director of Henry Global (China)
Ms. Hong Yu, US Project Manager, Wailian Overseas Consulting Group (China)
Dr. Winner Xing, CEO, Worldway Investment and Immigration (China)
Ms. Ling Zhang, General Manager, Worldway Investment (Macau)
Ms. Lucy Shi, CEO, Haiyi Immigration (China)
Mr. Lu Sun, VP, MasLink Group (China)
Mr. David Enterline, Immigration Attorney, WTW Taipei (Taiwan)
Mr. Yongjin Lee, Immigration Attorney, Jin Lee Law Group (Korea)
Ms. Melody Chen, China Managing Director, Artisan Business Group, Inc. (Hong Kong)

Mr. John Li, Managing Director, EB5Supermarket.com
Mr. George Ekins, CEO, Los Angeles Regional Center & Las Vegas Regional Center
Mr. Brian Dickens, Administrator, Idaho Department of Commerce

Mr. Michael Gibson, Managing Principal, USAdvisors
Mr. Brian Terwilliger, Vice President, NES Financial

More details are coming soon, Space is very limited, please register today at http://eb5.eventbrite.com

Utah Governor Leads Trade Mission to China

Governor Herbert’s is leading a trade mission to the People’s Republic of China from April 11-15, 2011.  This trade mission will help Utah businesses increase their competitiveness and grow their exports in China’s dynamic and growing market.  The trade mission will focus on matching Utah businesses with businesses in China, promoting Utah’s tourism offerings, and showcasing our state’s business friendly environment.

“Finding new markets for Utah’s goods and services means more high-paying jobs for Utah.  China is a key trading partner for Utah businesses and represents one of the fastest growing destinations for Utah exports,” said Brett Heimburger, Regional Director for Asia at the Governor’s Office of Economic Development.  “In 2009, Utah exported over $10.3 billion of goods supporting over 50,000 export-related jobs here at home.  We expect those numbers to increase dramatically for 2010.”

The trade mission will visit China’s capital city of Beijing as well as Shanghai, China’s largest city.  Participating businesses will benefit by making connections with individual businesses, trade and industry groups, and by meeting with key Chinese government officials and agencies.

Greater China is currently Utah’s second largest trading partner with exports increasing over 2009-2010, reaching a total of over $1.8 million in exported goods.

China is the world’s second largest economy and the United States’ third largest trading partner.

Businesses interested in joining the trade mission should contact Kit Burton at the Governor’s Office of Economic Development (KitBurton@utah.gov or 801-538-8737) for details and an application.

RVIA Applauds Deal to Export Motorhomes to China

Under the agreement, Winston Global Energy will provide $310 million in capital to MVP RV to promote motorhome exports to China.  Additional capital will also be provided for development of all-electric RVs and fast-charging electrical systems. The companies expect to export more than 10,000 type A motorhomesand 20,000 type C motorhomes, valued at approximately $5 billion, to China over the next three to four years.  The joint venture will also push the number of jobs at MVP RV, based in Riverside, Calif., from 130 jobs to over 1,400 jobs.
“This is an exciting development for our company and the RV industry,” said Brad Williams, MVP RV president and CEO. “The work being done by RVIA to help promote American involvement in the Chinese RV industry helped set the stage for this to happen.”
“This agreement illustrates the potential of the Chinese RV market for U.S. manufacturers and suppliers,” said RVIA President Richard Coon. “It creates jobs here in America to build state-of-the-art RVs that will be exported to China to meet the growing demand for U.S.-manufactured RV products.”
There is strong support for a more focused development of the fledgling RV industry within China as China-based companies are seeking partnerships with American RV companies to build products for Chinese consumers who have more disposable income, more leisure time and a growing interest in RV travel and camping.
With the tremendous potential represented by this new market, RVIA has been working for several years to help association members gain a foothold.  The association has organized a trade mission to China; hosted Chinese trade groups at the National RV Trade Show; and worked with business leaders, organizations and government contacts in China to discuss industry standards and other regulatory issues.
The agreement between MVP RV and Winston Global Energy Limited was announced in a press release from the White House detailing business deals unveiled in connection with the official state visit by Chinese President Hu Jintao to the United States.
An official signing ceremony for the MVP RV and Winston Global Energy agreement and for several other U.S./China commercial partnerships will take place in Chicago on Friday, January 21, at a trade event hosted by the Chicago Council on Global Affairs.  The event will be attended by Winston Chung, founder of Winston Global Energy Limited; MVP RV President and CEO Brad Williams; and RVIA President Richard Coon.
The Recreation Vehicle Industry Association is the national association representing approximately 400 manufacturers and component suppliers producing 98 percent of all RVs made in the United States.
Visit GoRVing.comfor more information about RVing and to watch a video on how to get started RVing.
Contact: Kevin Broom, Director of Media Relations, 703-620-6003, ext. 304, kbroom@rvia.org