LOS ANGELES, May 11, 2016 (GLOBE NEWSWIRE) -- ChinaWeek organizers welcomed Governor Jerry Brown and a delegation of 130+ Chinese business executives and high-ranking officials to Los Angeles for the first California-China Business Summit today in Los Angeles at the Millennium Biltmore Hotel.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d6b4b176-ce4e-4b44-9db3-4b946f7624e3
Speakers also include Noor Menai, President & CEO of CTBC Bank USA, who will tonight address attendees on the impact of Chinese investment on California communities and the synergies with Asian markets.
“The phenomenon we’re experiencing in California of huge Chinese investment is coming from ownership of commercial and residential development,” said Mr. Menai. “It’s a growing trend we should embrace as it signals a long-term commitment to our state and our communities, and it’s a sign of tremendous confidence among investors that have many global options.”
The delegates and guests will discuss immediate investment and collaboration opportunities with U.S. business leaders, as well as learn from panels of experts in cross-border trade and investment.
“With Chinese investment already reshaping the Los Angeles skyline, Hollywood blockbusters and the local job market, the event promises to be a landmark moment in the blossoming trade, investment and cultural relationship between China and California," said Peter Shiao, Chairman of ChinaWeek.
At the summit’s morning session, Kevin Klowden, Executive Director of the California Center and Managing Economist at the Milken Institute, released a new report titled “A Golden Opportunity with China: How California Can Become an Even Bigger Destination for Chinese Foreign Investment.”
Panel discussions also addressed topics such as “The Emerging ‘New Normal’ of US-China Commerce,” “Foreign Direct Investment into California and Accessing Chinese Capital,” and much more.
Other speakers at the event have included:
John Chiang, California State Treasurer
Liu Jian, Chinese Consul General
Lawrence Ingrassia, Managing Editor, Los Angeles Times
Peter Shiao, CEO, Orb Media Group and Chairman of ChinaWeek
Kelly Kay, Vice President – Business Operations, Lyft
Krzysztof Werkun, Senior Advisor M&A, China Renaissance
Michael Yu, Chief Representative, Shanghai Foreign Investment Development Board
ChinaWeek is an annual series of events around the Los Angeles region. Visit ChinaWeek’s website at chinaweek.la.
About CTBC Bank Corp. (USA)
CTBC Bank USA is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by nearly $100 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com.
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.