Comerica Bank Hosts Conference for Chinese Business and Government Leaders in Shanghai

2007-11-02 10:54 2205

Bank officers from California, Texas and Shanghai meet in Ningbo on Nov. 6 to promote investments in the U.S.

SAN JOSE, Calif., Nov. 2 /Xinhua-PRNewswire/ --

A Comerica Bank delegation will meet with Chinese business and government leaders next week in Shanghai to promote investment in the United States.

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"Investing in the United States: How Comerica Bank Can Help" is the title presentation by Julie Yen, senior vice president, Middle Market, and Horace Lo, first vice president, International, at the half-day conference on Nov. 6 in Ningbo, China, near Shanghai.

In addition to Yen and Lo, the Comerica Bank delegation led by Mike Fulton, President and CEO of Comerica Bank's Western Market, includes Helen Huang, vice president, International/Shanghai; John Killian, executive vice president, Credit/Texas and California; Hank Miller, senior vice president, International; Grace Li, vice president International; Da Chen, assistant vice president International.

The Comerica Bank representatives will speak to a group of about 120 invited business and government leaders at a forum cosponsored with the Zhejiang International Investment Promotion Center and the Ningbo Foreign Trade and Economic Cooperation Bureau.

The U.S. bankers will describe how the U.S. is a great market for Chinese products, and how the expertise of Comerica Bank -- in supporting electronics, furniture, textiles and other manufacturing companies, and in providing trade and financial services as well as links to legal and accounting help -- can improve the chances for the success of an expansion in the U.S. market. At the event, Fulton will give the audience an overview of the California economy, and Killian will do the same for Texas, with Yen translating for both.

The presentation is an example of how the "concierge" function of the bank's Shanghai representative office, led by Huang, offers indispensable information and help to Chinese as well as U.S. businesses. The Shanghai office, which opened two years ago, has generated new business for Comerica, with Chinese companies expanding into the U.S., and U.S. companies growing in China.

He said he would give each conference participant one of the new U.S. $1 coins, as "a symbol of good fortune."

"Its gold color might remind some that the first Chinese who came to America in 1948 came to California for the Gold Rush."

Comerica Bank's Shanghai office has responded to over 100 referrals from Comerica officers across the U.S., providing assistance to actual or potential U.S. companies interested in doing business in China, Fulton said.

Comerica Bank is one of 10 U.S. corporate sponsors of the Chinese Olympic Committee's float in the 2008 Rose Bowl parade.

About Comerica Bank

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a Fortune 500 financial services company based in Dallas, and strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people be successful. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas and among the 20 largest U.S. banking companies, with $60 billion in assets at Sept. 30, 2007. For more information, visit .

Source: Comerica Bank
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