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”.
The present foreign exchange reserve in China 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.
The 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
Make win-win cooperation to create high quality projects jointly
Hawaii- Chengdu Bilateral Investment Forum will open a new chapter for bilateral deep investment and cooperation!