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Body to unite Chinese investors in US
By Wang Yanlin |
November 20, 2012, Tuesday
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Print Edition
Print Edition
The Committee of Chinese Companies in the United States, an organization to unite Chinese investors if they face disputes when they enter and invest in the US, was launched in Shanghai yesterday.
Initiated by the US China Business Association, a non-profit body registered in Schaumburg, Illinois, the committee will provide professional advice for Chinese investors and lobby the US government to treat Chinese firms fairly.
The committee was formed after the reputation of Chinese companies were unfairly tarnished in the US due to malpractice by a small number of firms in the stock market and others had their investment plans scuttled on national security grounds.
For example, the US House of Representatives' Intelligence Committee warned American companies last month about doing business with Huawei and ZTE as they may pose a security threat.
"But as bilateral commerce will continue in the two countries, we certainly won't become enemies," said Roel Campos, the committee's honorary chairman. "We still feel like friends. We as friends can have arguments, but we remain friends."
Campos, a partner of Locke Lord LLP and a former commissioner at the US Securities and Exchange Commission, suggested Chinese companies should be better prepared when they plan to go to the US. He added the American public needs to be more educated about Chinese investment.
Initiated by the US China Business Association, a non-profit body registered in Schaumburg, Illinois, the committee will provide professional advice for Chinese investors and lobby the US government to treat Chinese firms fairly.
The committee was formed after the reputation of Chinese companies were unfairly tarnished in the US due to malpractice by a small number of firms in the stock market and others had their investment plans scuttled on national security grounds.
For example, the US House of Representatives' Intelligence Committee warned American companies last month about doing business with Huawei and ZTE as they may pose a security threat.
"But as bilateral commerce will continue in the two countries, we certainly won't become enemies," said Roel Campos, the committee's honorary chairman. "We still feel like friends. We as friends can have arguments, but we remain friends."
Campos, a partner of Locke Lord LLP and a former commissioner at the US Securities and Exchange Commission, suggested Chinese companies should be better prepared when they plan to go to the US. He added the American public needs to be more educated about Chinese investment.
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