Dominic Ng 吳建民, chairman and chief executive officer of East West Bank 華美銀行 and a USC trustee, shares his views.
Breaking Ground: Chinese Investment in U.S. Real Estate - Southern California
The Asia Society Southern California hosts a panel discussion on a new report on Chinese investment in the U.S. real estate market.
It is one of the most profound consequences of China’s growing wealth: Chinese investment in U.S. real estate has exploded, particularly in California and New York. Chinese nationals are now the biggest foreign buyers of American homes, purchasing at least $93 billion worth of home 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 residential mortgage bonds.
Asia Society and the Rosen Consulting Group are pleased to launch a study that provides an authoritative, comprehensive, and one-of-a-kind accounting of Chinese investment in the U.S. real estate market. Join us for a special program on the study 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.
For more information on the report, visit AsiaSociety.org/ChinaRealEstate
Arthur Margon, Partner, Rosen Consulting Group
Robert Lo, Executive Vice President, East West Bank
Mike Margolis, Partner, Blank Rome
Wednesday, May 25, 2016
Location: Gold Room, Millennium Biltmore Hotel, 506 S. Grand
5:30 p.m. – 6:00 p.m. Registration
6:00 p.m. – 7:30 p.m. Discussion and Audience Q & A
7:30 p.m. – 8:00 p.m. Networking and Reception
The USC U.S.-China Institute is a supporting organization. Register here for discounted rate.
Because the 19th Congress of the Chinese Communist Party is scheduled for the same week as our “Finding Solutions” conference, a number of China-based participants were forced to withdraw from the conference. We have postponed “Finding Solutions” until April 6, 2018. The focus of the event is still on the work of individuals, companies, and NGOs to address some of China’s pressing challenges. We apologize for any inconvenience this postponement causes. We hope you will be able to join this important discussion on April 6.
The USC U.S.-China Institute presents a talk by Michael Meyer, whose last book in his China trilogy tells a story both deeply personal and universal as he captures what it feels like to learn a language, culture and history from the ground up.
Please join the USC U.S.-China Institute for a presentation by Wei Yen (厳序纬), author and veteran businessman, to examine Chinese outbound investment and how American businesses can take advantage of China’s rise to forge win-win partnerships.