Framework Program of the First Hawaii-Chengdu Bilateral Investment Forum
Hawaii and Chengdu, as tourist cities, will build a bilateral investment bridge.
Data Series Released by Authoritative and Public Institutions:
According to data of 2011 international real estate report from National Association of Realtors, Chinese buyers accounts for 9 percent of the total overseas buyers of American annual high-end real estate. American overseas real estate is becoming China’s affluent target.
Domestic residents’ travel abroad during 2005 to 2010 is increased from 25.14 million to 51.508 million. In 2010, tourism services trade deficit was USD 9.066 billion (data source: China’s Balance of International Payments). Development of large scale of overseas tourism real estate projects is very “beneficial”.
China’s present foreign exchange reserve reaches USD 3.2 trillion. RMB suffers internal depreciation and external appreciation, which is a good time for the Chinese to be engaged in foreign investment and consumption.
American Chamber of Commerce in China has released the 2010 American Enterprises in China White Paper, which claims that Chengdu has become the preferred city of foreign investment in China. By the end of 2010, 189 world-top-500 enterprises had settled in Chengdu, ranking the first in central and western China.
According to the world economic research report released by the famous American financial magazine Forbes in 2011, in the next 10 years, Chengdu will surpass Tokyo, Beijing, New Delhi and other cities to become the world’s fastest growing city.
According to “the 12th Five-Year Plan” released previously by Chengdu government, Chengdu overall economic strength will be significantly enhanced within five years, and the total economic output will reach RMB one trillion Yuan, with per capita GDP of thousands of dollars.
On April 16, 2012, due to expansion of international routes and improvement of the route network in recent years, Chengdu Shuangliu International Airport won the special achievement award of Routes.
In 2009, Chengdu officially established the "Global Modern Garden City" as historical orientation and long-term development goals.
The session on in-depth implementation of western development strategy of Sichuan Province held on September 1, 2010 to September 2, 2010 proposed that Chengdu would plan to construct Tianfu New District so as to form an international modern city that is good for industry, living and business. The construction goal of “Tianfu New District” is to become another national new district following Shanghai Pudong New District so as to lead Chengdu modern industrial development and promote the entire western economic development.
In 2011, Chengdu and Honolulu established sister city relationship and communicate and cooperate with each other in terms of tourism, agriculture, economy, trade, education, culture, health care, public services, social development and vocational training based on the principle of equality and mutual benefit.
Ministry of Finance, Customs Department and State Administration of Taxation jointly issued the Notice on Tax Policy Issues about the In-Depth Implementation of the Western Development Strategy in 2011, which regulated that there is no customs duty for industries encouraged in the western region, encouraged foreign investment industries and competitive industries projects in terms of self-use equipment imported within the total investment and within the political provisions. In terms of corporate income tax, the tax rate is reduced by 15% for the encouraged industry enterprises in the western region since January 1, 2011 to December 31, 2020.
The above data and information indicate-
The Chinese people are starting the overseas investment boom and are going out of the country to the world, and China is gradually developing better and better investment environment.
China’s western development obtains strong policy support, which provides broad platform for foreign investment.
Chengdu, suitable for business and living, is rich in huge business opportunities and provides expansive investment opportunities for investors. Meanwhile, Chengdu as China’s western hub, choosing Chengdu means choosing the western China with huge potential.
On April 9, 2012, Fortune magazine and Chengdu held a news conference in Beijing and announced that the Fortune Global Forum would be held in Chengdu in June 2013, which marks the western region of China has become the national new economic growth pole. Chengdu will witness great increase in the global investment potential.
Before a lot of investment funds and projects enter into Chengdu, Chinese Chamber of Commerce of Hawaii should seize the initiative to establish investment model first in Chengdu so as to seize the advantage of resources!
The entry of Chinese Chamber of Commerce of Hawaii into Chengdu will set up a promotion platform for Hawaii tourism investment projects and find potential investment opportunities for cooperation-
The First Hawaii-Chengdu Bilateral Investment Forum
Bilateral Investment· Strategic Cooperation ·Professional Communication
The Topics of the First Forum:
Green Tourism and High-quality Investment
Tourism real estate, tourist spots, restaurants, hotels, aviation, finance, food and other tourism-related tertiary industry projects.
The forum will be in the form of non-governmental exchange and will promote new investment direction and fields to provide investors with a platform.
Introduction to seek for funds investment direction
Going out to seek for financing channels for the projects
Win-win and cooperate to create high quality projects
Hawaii-Chengdu Bilateral Investment Forum will open a new chapter for bilateral deep investment and cooperation!
Organizational Pattern of the Forum
The invited individual investors (with overseas investment intention)
Nearly 200 people from Sichuan’s large business owners, VIP of high-end clubs, top property owners, luxury car owners, Bank VIP clients, occupational investors and so on, with individual assets of more than RMB 5 million Yuan, of which those with more than RMB 10 million Yuan of personal assets accounts for 30%.
Forum Content and Form
Opening Press Release Reception of Hawaii-Chengdu Bilateral Investment Forum
To invite major media reporters, government representatives and representatives of the chamber of commerce to the press conference, announce the opening of the Forum and introduce the Forum agenda. The government will make welcome speech and the representatives of the chamber of commerce will speak to wish the forum a complete success.
The members of chambers of commerce and sponsors, etc. will know each other and informally communicate and exchange investment projects and cooperation intention.
The large-screen will display Hawaii and Chengdu videos and special project videos as well as congratulatory telegram from government agencies, chambers of commerce and industry leaders.
The press conference venue is the five-star hotel or a top-level villa.
Hawaii-Chengdu Bilateral Investment Summit Forum
Forum conference: to invitation experts of the Sino-US tourism, real estate, tourism industry, investment and financial industry to the conference to discuss the concept of "green tourism and high-quality investment" by speaking of experts, answering to the questions, academic communication and exchange of experiences and so on so as to absorb the advantages for promoting common development and prosperity.
Forum branch venues: providing forum venues for tourism, real estate, scenic spots, catering, leisure, hotel, investment and financial for industrial exchange.
Focusing on key project promotion by sharing the experience in classic projects.
Promotion of Classic Projects
With the New Convention and Exhibition Centre as the main venue and the Eastern Music Park, Wide Narrow Alley and five-star hotels as the branch venues, carry out industry boutique project promotion for two and a half days. Members or sponsors may join it and the projects will be promoted by exhibition, exhibition halls, tasting and other forms so as to seek for investment resources through the platform. In addition to site exhibition, the project owners may organize the intention investors for site visits.
(Chengdu International Convention and Exhibition Center)
(Chengdu Eastern Music Park)
The promotion seminar is divided into the Forum Session and opening to individuals:
Forum Session on July 17. Personnel involved include the members of Chambers of Commerce and sponsors, aiming at more accurate bilateral investment cooperation.
Opening to individuals on the morning of July 18 to July 19. To invite the investors with strength and willingness to visit and taste through sending invitations. (The individuals to project promotion will provide the proof of assets so demonstrate that personal assets is more than RMB 5 million Yuan.) The invited persons are banks’ VIP clients, platinum members of top clubs, mansion owners, luxury car owners, well-known entrepreneurs, professional investors and so on from Chengdu and surrounding cities.
The designated financial services institutions will provide consulting and services at the site.
Classification of Promotion of Classic Projects
Hawaii: The world’s most beautiful island. The warm hospitality Aloha spirit of the Hawaiian complements with pleasant and perfect island scenery in four seasons.
Chengdu: modern garden city, city of leisure, "China’s model and Hometown of Pandas".
Transportation: to promote trade and lay foundation for the opening of the Chengdu - Hawaii International flights.
Travel agency: to promote innovative tourism products, such as the opening of the Chengdu-Hawaii "special investment tourism line". During the Forum, preferential policies will be provided to promote Chengdu - Hawaii tourism.
Tourist attractions: deep communication and common development, such as exchanges and cooperation of both sides in tourism industry, marine-themed attractions as well as historical and cultural scenic spots (such as Jianchuan Museum and Pearl Harbor World War II Site).
Tourist souvenirs: culture product of Three Kingdoms, the world’s favorite panda souvenirs, Shu embroidery as one of the four famous embroideries in China from Chengdu ... and coffee, nuts, wood products, jewelery, aloha attire from Hawaiian for exhibition and marketing.
Tourism Real Estate and High-End Real Estate
Hawaii: tourism real estate is becoming popular. According to the Chinese investors in Hawaii, you can buy the same or even better luxury houses in Hawaii only by paying a quarter of the price for those in China.
Chengdu: It is the potential housing market in western China and many international and domestic high-end houses are sold to the world.
The perfect real estate promotion, organization of site visits and tasting and on-site purchase.
(Some high-end real estates in Chengdu)
Many types of high-end real estate in Chengdu can meet different investment needs.
Catering and Entertainment
Hawaii: Polynesian cooking, HRC, the Spam Musub, Poke and other local gourmet brands.
Chengdu: Sichuan dishes, one of the four major Chinese dishes, many well-known restaurant brands.
To exchange and taste dishes.
To promote mutual introduction of catering and entertainment brands.
Chengdu: It is rich in folk art, intangible cultural heritage and so on and at the same time it can provide cultural and artistic exchange platform, such as the Eastern Music Park, Intangible Cultural Heritage Exposition and so on.
Hawaii: Hawaii folk, painting, photography, ceramics, glassware ......
Display and exchange of a variety of art forms will promote communication and mutual introduction of art brands as well as seek investment opportunities.
Diverse forms are aimed at precise display and in-depth communication as well as seeking for more and wider investment cooperation.
Intangible Cultural Heritage - Shu Embroidery
Hawaiian Folk Artists
Chengdu Traditional Arts - Rolling Lamp
The enterprises that have reached cooperation intentions on the projects at the promotion exhibition may sign a letter of intent or the framework contract.
Government representatives will attend the ceremony to witness and congratulate the outstanding achievements of the forum in attracting foreign investment.
Tourism Experience with Special Characteristics of Chengdu
Representatives of chambers of commerce will visit the pandas in the Panda Base, experience Chengdu’s leisure in Wide Narrow Alley and enjoy beautiful scenery of Jiuzhaigou as well as feel the tourist charm of Chengdu and the surroundings.
At the Forum, it will initiate Hawaii boom in the city.