Report from China: Mr. Brian Su Meets with Regional Center Executives in Hong Kong

On March 18, 2011, Mr. Brian Su, CEO of Artisan Business Group, Inc., Ms. Melody Chen, Managing Director of ABG Asia/Pacific, are meeting with EB-5 regional center executives in Hong Kong. For more information about promoting EB-5 projects, contact us today.

Report from China: Shanghai Migration Agency Promotes CiF project in Zhangjiagang and Kunshan

Chinese migration agency will be hosting two promotional seminars in the city of Zhangjiagang on March 19 and the city of Kunshan on March 26 for Cleveland International Fund Regional Center project. For details about EB-5 seminars, contact us today.

Mr. Brian Su is Headed to China March 16-27, 2011

Mr. Brian Su, CEO of Artisan Business Group, Inc., is headed to Hong Kong, Guangzhou, Shanghai and Beijing to meet with Chinese migration industry leaders and agents from March 16th through 27th. He will also attend the Invest in America 2011 (Guangzhou) Summit. Mr. Jeff Carr and Mr. Lawrence Copp of EPR will be traveling with Mr. Su.  Due to the fact this blog is blocked by the Chinese authority, Mr. Su will not be able to post news for next ten days. However, he will continue to blog on ILW.com EB-5 blog.

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.

Report from China: New York City Regional Center Starts its New EB-5 Project Tour in China

New York City Regional Center (NYCRC) will launch a new $300 million "New York City East River Waterfront Project"promotional tour in Shenzhen, Chengdu, Guangzhou, Nanjing, Foshan, Shanghai, Beijing, Zhuhai, and Chongqing from March 12 through March 26, 2011. For more information about EB-5 Regional Center activities in China, contact us today.

EB-5 Insurance Solutions Webinar

Join us for a Webinar on March 10 Space is limited. Reserve your Webinar seat now at: https://www3.gotomeeting.com/register/656176182 On March 10th at 11:00 ET, Todd Associates, Inc. will host a 30 minute webinar to provide a brief introduction to the risks faced by EB-5 Regional Centers and how these risks can be addressed using a combination of risk management mechanisms and specialty insurance products. Our presentation will provide you with a basic understanding of the following: 1. The insurable vs. uninsurable risks faced by Regional Centers; 2. Proven risk management strategies; 3. How an EB-5 Project’s insurance effects the Regional Center; 4. How to transfer risk associated with promotion of a private placement; 5. Pitfalls of standard e&o/d&o insurance products and lawyers professional liability insurance. Title: EB-5 Insurance Solutions Webinar Date: Thursday, March 10, 2011 Time: 11:00 AM - 11:30 AM EST After registering you will receive a confirmation email containing information about joining the Webinar.   System Requirements PC-based attendees Required: Windows® 7, Vista, XP or 2003 Server Macintosh®-based attendees Required: Mac OS® X 10.4.11 (Tiger®) or newer

Major Chinese Migration Companies Seek New EB-5 Projects

Major Chinese licensed migration consulting companies are now seeking new EB-5 projects for this summer. If your regional center has a new program for marketing in China next three months, please contact us today. All projects must be pre-qualified and reviewed; prefer real estate projects that seek 40-50 investors.