Selec­tUSA road­show

China Daily (Canada) - - FRONT PAGE - By YU RAN in Shang­hai


Chi­nese in­vestors con­tinue to serve as the top prop­erty pur­chasers in the United States, lead­ing Asia as a ma­jor sup­plier of cap­i­tal for Amer­i­can real es­tate.

The cur­rent state of the US in­vest­ment land­scape is heav­ily in­flu­enced by real es­tate cap­i­tal flows from across the Pa­cific Ocean. Asia ac­quired $7 bil­lion of com­mer­cial real es­tate as­sets in the coun­try in 2014, more than any other re­gion. This rep­re­sents nearly one-quar­ter of all cross-bor­der cap­i­tal ac­qui­si­tions of US real es­tate last year.

Buy­ers from the Chi­nese main­land and Hong Kong led all oth­ers, ac­count­ing for more than half of Asian in­vest­ment in this mar­ket.

“Chi­nese spent $16.5 bil­lion in the global real es­tate mar­ket in 2014, up 46 per­cent year-onyear, and we are ex­pect­ing to see non-stop growth over the next decade,” said Jane Wu, pres­i­dent of Panorama Hold­ings, dur­ing a road­show in the city on May 25.

Wu added that buy­ing prop­erty could be the short­est path to suc­cess for those newly ar­rived Chi­nese in­vestors who are not familiar with the busi­ness en­vi­ron­ment or legal reg­u­la­tions over­seas.

The US at­tracts more for­eign di­rect in­vest­ment than any other coun­try in the world. Last year, it wel­comed some $92 bil­lion, adding to an es­ti­mated cu­mu­la­tive to­tal of $2.8 tril­lion as of 2013, ac­cord­ing to fig­ures re­leased by the road­show.

China is among the fastest­grow­ing sources of in­vest­ment, with an­nual growth ex­ceed­ing 41.5 per­cent from 2009 to 2013.

“With 320 mil­lion di­verse con­sumers, com­pa­nies of all sizes with all man­ner of prod­ucts and ser­vices can find their mar­ket in the US. You can find work tools, cus­tomers, re­sources and a wel­com­ing en­vi­ron­ment, ev­ery­thing you need to be suc­cess­ful,” said Feli­cia Pul­lam, direc­tor of Out­reach, at the same Selec­tUSA road­show.

Pul­lam said she was in Shang­hai to help Chi­nese in­vestors find re­li­able data and in­for­ma­tion, connect to the right peo­ple at a lo­cal level in the US, and fig­ure out how to nav­i­gate the reg­u­la­tory sys­tem there.

The US has re­cently been at­tract­ing in­bound in­vest­ment in a wide va­ri­ety of in­dus­tries, in­clud­ing in­for­ma­tion and telecom­mu­ni­ca­tions, pro­fes­sional and fi­nan­cial ser­vices, min­ing and agri­cul­ture.

“Now we’re in the in­for­ma­tion and tech­nol­ogy age, which makes telecom­mu­ni­ca­tions, e-com­merce and dig­i­tal in­fra­struc­ture more promis­ing ar­eas in the US for Chi­nese com­pa­nies to in­vest in,” said Ray­mond Cheng, CEO of SoZo Group.

The 11-day road­show took in cities along the Pearl River Delta as well as Hong Kong, Shen­zhen, Dong­guan, Guangzhou in Guang­dong prov­ince, Shang­hai, and Shenyang in Liaon­ing prov­ince from May 18 to 29.

US-run Eco­nomic Devel­op­ment Of­fices (EDO), re­gional EDOs and their part­ners got a chance to meet with po­ten­tial in­vestors and com­pa­nies in China.

In Shang­hai, Amer­i­can of­fi­cials pro­moted in­vest­ment op­por­tu­ni­ties in key in­dus­try sec­tors like aerospace, health­care, con­struc­tion, travel and tourism.

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