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Breaking Ground: Chinese Investment in U.S. Real Estate - New York
The Asia Society New York hosts a panel discussion on a new report on Chinese investment in the U.S. real estate market.
Breakfast available from 8:00AM
Discussion begins at 8:30AM
Can’t make it to this program? Tune in Monday, May 16, at 8:30 am New York time for a free live video webcast. #AsiaSocietyLIVE AsiaSociety.org/Live
It is one of the most profound consequences of China’s growing wealth: Chinese investment in U.S. real estate has exploded, particularly in New York and California. Chinese nationals are now the biggest foreign buyers of American homes, purchasing homes valued at $93 billion in the past five years, including $28.6 billion in 2015 alone. Commercial property purchases have surged as well, to $8.5 billion last year, a 15-fold increase from 2010. And, at nearly $208 billion, China is the biggest foreign holder of U.S.-government-backed real estate bonds.
These are among the findings of a major new report, presented by Asia Society and the Rosen Consulting Group, that provides an authoritative, comprehensive, and one-of-a-kind accounting of Chinese investment stocks and flows into the U.S. real estate market. Join us for a special program on the report and its implications; speakers will discuss the report and provide context for the broader debate, too often ideological and acrimonious, over U.S.-China trade and investment.
Wendy Cai-Lee, Executive Vice President, East West Bank
John Liang, Managing Director of U.S. Operations, Xinyuan Real Estate
Xu (Leo) Liu, Managing Director, Anbang Insurance Group U.S.
Chris Marlin, President, Lennar International (invited)
Arthur Margon, Rosen Consulting Group
Orville Schell (moderator), Arthur Ross Director, Asia Society Center on U.S.-China Relations
Silver Sponsors: Blank Rome, Crescent Heights, East West Bank, Mansion Global
Bronze Sponsors: Gensler, TMG Partners, Pacific Union
Organized in Partnership: ChinaSF
Strategic Partners: Bay Area Council, AREAA
If you reside in the west coast of the U.S., Asia Society will have related programs on this subject on two different dates and locations:
The USC U.S.-China Institute presents a talk by Douglas Fuller from Zhejiang University. Fuller's new book, "Paper Tigers, Hidden Dragons," provides an in-depth longitudinal study of China's information technology industry and policy over the last 15 years.