China-U.S. Chamber of Commerce holds "U.S. Real Estate Market and Investment Forum"

On November 5th, the China-U.S. Chamber of Commerce Forum Series - U.S. Real Estate Market and Investment Forum was held at Yale Club of New York City from 6:00 - 9:00 p.m. Over 180 enterprise representatives from leading Chinese and U.S. companies in real estate, financial and legal industries, including enterprise representatives from Huawei, Bank of China, UBS and Merrill Lynch attended this forum. At the beginning of the forum, Wynn Wang, the chairman and president of China-U.S. Chamber of Commerce, gave his opening remarks to all the attendees. He mentioned that it has been 8 years since the Chamber of Commerce was established. As a non-profit organization, it has become the bridge between China and U.S. enterprises, and provided a strong development platform for all members. Keynote speaker Dolly Lenz, "New York's Real Estate Queen" shared her success in real estate, and gave an overview of investment location and methodology of the current U.S. real estate market. She mentioned that more and more investors from Asia flood into the U.S. market. Janice Stanton, senior managing director in the capital market group at Cushman & Wakefield also delivered the keynote address on analyzing underlying reasons to invest in the U.S. real estate market utilizing data and compared the strengths and weaknesses of different investment options. The unveiling ceremony of the U.S. Business Regional Center (USBRC), a member enterprise of China-U.S. Chamber of Commerce, was also held during the forum. Tim Yang, vice chairman of USBRC introduced the 15 counties in New York and New Jersey State covered by USBRC and a lot of investment projects. During the panel discussion, professionals from Ernst &Young, East West Bank and Dai & Associates, P.C. discussed the related financial and legal services for real estate investment. The speakers mentioned EB-5 Regional Centers, which received great attention. One expert mentioned that nowadays more people have the opportunity to invest in U.S. as the tax policy in China has been eased. Moreover, the price of the U.S. real estate today is quite stable; however, the deals require a large amount of legal and consulting fees. One expert also mentioned that the old houses and riverside houses have more values. China-U.S. Chamber of Commerce Forum Series are hosted by China-U.S. Chamber of Commerce, which have received significant amount of endorsements from the Consulate General of the People's Republic of China in New York, well-known Chinese and U.S. companies, as well as local Chinese government representative offices in the United States. Since 2006, the China-U.S. Chamber of Commerce has successfully hosted various forums, conferences and exhibitions, and accepted high recognition by the society, as well as drew attentions from numerous investment service institutions and media worldwide.