Chinese investors visit Silicon Valley

Updated: 2013-10-07 07:14

By CHEN JIA and CHANG JUN in Palo Alto (China Daily)

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Chinese investors visit Silicon Valley

San Jose's Councilman Kansen Chu (left) presents a certification of recognition to Cui Wei, dean assistant of the school of economics of Peking University, on Saturday for his efforts to bring a group of Executive MBA program students at the Chinese university and private business owners from China to invest in the Silicon Valley. The delegation, with 58 senior executives, is looking for projects for investment with $120 million. [Chen Jia / China Daily]

Kidder Mathews, one of the leading commercial property firms on the West Coast, sent five of its employees to meet with the delegation on a wide range of topics including the purchase, tax, insurance and management of commercial properties in the US.

Skip Whitney, executive vice-president and partner of Kidder Mathews, said he is involved with China-related businesses on a daily basis, hosting visiting Chinese groups at his downtown office, shuffling Chinese clients into cellars at Napa Valley and sipping wines with them, or answering questions about E5 immigration, children's education and food safety.

"We are pretty heavy on our China market and business development in China," said Whitney.

Gloria Ortega, the economic development manager of Union City in the Bay Area, told China Daily on Saturday she is "very much looking forward to the first Chinese trade mission" to visit her city in the near future.

"Union City is a very population diversified place, and Chinese investors would have cultural fit in quickly," she said.

Around 50 percent of local citizens are Asian people and the city communities have about 12 percent of population with Chinese heritage, she said.

She also said "bio-tech" and "food manufacture" in Union City are two major industries for potential investors from China.

San Leandro's Councilman Benny Lee and San Jose's Councilman Kansen Chu also came for the forum and expressed strong willingness to help Chinese investors find satisfied projects in their cities.

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