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More than $800M Worth of Deals Signed at the Invest in the United States Forum & Exhibition

Invest USA Committee
2016-01-22 11:50 4398

NANJING, China, Jan. 22, 2016 /PRNewswire/ -- Over 300 investors, government officials and service providers convened at the Invest in the United States Forum & Exhibition at the Nanjing Shangri-La to share best practices and explore mutually beneficial opportunities for Chinese direct investment in the United States. The third Invest USA Committee event in 2015, it drew an audience from across the Yangtze River Delta region.

Over 300 attendees gathered on the afternoon of December 4 to learn about investment to United States
Over 300 attendees gathered on the afternoon of December 4 to learn about investment to United States

 

Frank Forelle from Zeller Realty Group and Stone Wang from Shanghai Prosperity Fund Management signed an agreement to form a new US$800 million investment fund
Frank Forelle from Zeller Realty Group and Stone Wang from Shanghai Prosperity Fund Management signed an agreement to form a new US$800 million investment fund

"We couldn't have been more pleased, with the turnout, the reception and the results of the Invest USA conference today," noted The American Chamber of Commerce in Shanghai Vice President, and event Master of Ceremony, Scott Williams. "From today's speakers and presenters, it is clear that America is open for business."

The optimistic tone was set early by U.S. Ambassador to China, Max Baucus, in his recorded video presentation, and echoed in opening remarks by dignitaries including U.S. Consul General, Hanscom Smith, and The American Chamber of Commerce in Shanghai President, Kenneth Jarrett.

Speakers included Eric Zhang, Vice President of Shanghai Vanke Property Management Company, who spoke about how a commitment to investment in the USA is changing China's largest real estate developer. "Everywhere, we need cities to upgrade and transform," said the developer, who sees Shanghai following the lead of great U.S. cities and becoming increasingly "multi-layered."

One Forum highlight was the signing ceremony between Zeller Realty Group and Shanghai Prosperity Fund Management Co., Ltd. finalizing the formation of Zeller 88 Real Estate Fund, which will invest approximately US$800 million into quality U.S. commercial office properties.

The Zeller deal supported by the work of AmCham Shanghai, Invest USA Committee and other U.S. organizations, is another successful investment between private- and public-sector constituencies across China and the USA.

The conference breaks offered opportunities for attendees to familiarize themselves with the exhibitors' projects and service offerings. U.S. states represented at the exhibition included Idaho, Michigan, New York, Ohio and Virginia, and project holders were from California, Florida, Hawaii and Texas.

Contributing Sponsors included AIG, DiantouNet, Grant Thornton, O'Melveny & Myers and Zeller Realty Group. Supporting Sponsors were Haynes and Boone LLP and MKT & Associates.

About the Invest USA Committee

Invest USA Committee is an independent operating group of registered and approved service providers, trade associations and other organizations with the objective of facilitating and promoting Chinese overseas direct investment to the United States. The Committee was formed in 2015 by the U.S. Foreign Commercial Service, AmCham Shanghai, Council of American States in China and U.S.-China Business Council to provide outreach, support and facilitation service between Chinese investors and government officials, and American public-and private sector communities, from China to the U.S.

The Invest USA Committee engages in activities determined by service members, aimed at increasing frequency, quality and expansion of Chinese investments to the U.S. 

Photo - http://photos.prnasia.com/prnh/20160121/0861600656-a
Photo - http://photos.prnasia.com/prnh/20160121/0861600656-b

Source: Invest USA Committee
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