ChinaSF Hosts Annual Fundraiser

ChinaSF Hosts Annual Fundraiser

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ChinaSF was thrilled its 8th annual event was celebrated alongside the grand opening of Chinatown's newest culinary destination, China Live, on Thursday, February 23rd.  Envisioned and carefully curated by restaurateur George Chen and Cindy Wong-Chen, China Live is a 30,000 square foot development that houses a Chinese-Market restaurant, an all-day Oolong cafe, three distinctly different restaurant concepts, a retail section and flower mart.  The upper floors of China Live include George Chen’s Eight Tables - an elegant restaurant offering a seasonal eight course tasting menu, a craft cocktail bar overlooking Broadway Street, and the Gold Mountain Lounge - a private dining/lounge space.  

 

More than 800 people attended the event, which included a traditional opening ceremony with firecrackers and Chinese lion dancers, followed by a program emceed by our executive director Darlene Chiu Bryant, with remarks from Founder and Proprietor of China Live George Chen, Chris Wight of Cypress Properties, California State Senator Scott Wiener, California State Assemblymen Phil Ting and David Chiu, as well as San Francisco Supervisor Aaron Peskin.

The opening of China Live has already made a tangible economic contribution to San Francisco.  So far, China Live has created 100 jobs from its construction project as well as 90 additional jobs with the opening of the first floor.  China Live has projected to hire approximately 100 more people to staff its upper floors.  

             Their doors open to the public on March 1st, for more information about China Live visit chinalivesf.com

 

Thank You To Our Event Photographer Frank Jang!

2016 Year in Review

ChinaSF Builds Roadshow

ChinaSF organized the inaugural ChinaSF
Builds Roadshow from September 18th to
23rd. The five-day Roadshow brought 23 real estate professionals, including developers, architects, investment experts, lawyers, and executives, from the Bay Area to Beijing,Shanghai and Shenzhen. Delegates represented such companies as Cushman &Wakefield, Colliers International, Polaris Pacific, Lennar International, Woods Bagot, Vanke, Gemdale and East West Bank;additionally, Daniel Sider represented the City of San Francisco’s Planning Department. Each Roadshow event included a forum and networking opportunities; forum topics included land-use, entitlements, design management and construction procurement, capital markets and financing, repositioning and managing assets, and the U.S. real estate market. Delegates networked with over 200 guests representing Chinese real estate professionals, investors and developers in the three cities following each forum. Additionally, delegates received a guided tour of Gemdale’s Shenzhen technology park, and attended dinners hosted by Gemdale, LivAll, and Smart House Library.

The Beijing forum was held at the U.S. Embassy, where Deputy Chief of Mission David H. Rank delivered opening remarks. The Shanghai and Shenzhen forums were generously hosted at theLangham hotels in each city. ChinaSF’s co-host, the Chinese Real Estate Professionals Association (REPA), was instrumental in supporting the Roadshow. ChinaSF is also grateful to its sponsors Pacific Eagle, Great Eagle, Langham Hotels, East West Bank, Lennar, Cushman & Wakefield, and Colliers International, for supporting the Roadshow’s goal of fostering relationships and understanding between the Chinese and San Francisco real estate market.

Oceanwide Center Groundbreaking Ceremony

On December 8th, ChinaSF helped celebrate the groundbreaking of the Oceanwide Center, which will be San Francisco’s second-tallest building and the largest development in the Transbay Center upon completion.  The Center, located at 1st and Mission Streets, will include offices, condominiums and a five star hotel.  The building is named after Oceanwide Holdings, a Beijing-based real estate firm with over 10,000 employees worldwide.

During his speech, Mayor Edwin M. Lee highlighted how the project will bring $130 million in funding for city programs, including $44 million for affordable housing.  Supervisor Jane Kim added that funding from the project will help revitalize San Francisco’s Chinatown.  ChinaSF had been working to recruit Oceanwide to San Francisco since 2014.

Moutai Day Celebration

In November, ChinaSF helped Kweichow Moutai Group, China’s largest manufacturer of Chinese wine, celebrate the first anniversary of Moutai Day in San Francisco.  Mayor Edwin M. Lee and Kweichou Moutai General Manager Li Baofang led the festivities while sipping the famous liquor.  ChinaSF also signed an MOU with Moutai Distillery to expand their presence in San Francisco.  Guizhou Maotai, known as the “liquor of diplomacy and friendship,” is the official wine of China, and has been included in toasts during state visits by President Nixon and Obama.

Shanghai Lingang Overseas Innovation Center Opening

In November, ChinaSF helped the Shanghai Lingang Economic Development Group kick off its entry into the U.S. market by unveiling the Shanghai Lingang Overseas Innovation Center at 755 Sansome Street in San Francisco.  Mayor Edwin M. Lee, China Commercial Consul Yihang Yang, and Chairman of Shanghai Lingang Economic Development Group Holdings Guohua Yuanparticipated in the unveiling ceremony.  

Chengdu Food Festival

On November 19th, ChinaSF partnered with the People's Government of Chengdu to host the 2016 Chengdu Culture and Food Festival at San Francisco City Hall.  The Festival kicked off the Silk Road Chengdu Spirit Week, which celebrated San Francisco and Chengdu's Friendship City relationship and continued partnership.  Mayor Edwin M. Lee and Chengdu Vice Mayor Fu Yonglin delivered remarks, followed by a tea ceremony and face-changing performance by tradition Sichuan opera artists.  World-renowned chef Martin Yan, star of the television show Yan Can Cook, and 10 master Chengdu chefs prepared a gourmet Chinese meal.  Chengdu, traditionally known for its spicy food and proximity to the giant panda, is home to one of China's hottest burgeoning tech communities.  

"Breaking Ground" Report Launch

ChinaSF, in conjunction with Asia Society and the Rosen Consulting Group, partnered on the first comprehensive report focused on Chinese foreign direct investment in real estate: "Breaking Ground: Chinese Investment in U.S. Real Estate". The report aims to help policy makers, business leaders, and the U.S. general public make sense of the recent boom of Chinese capital flowing into U.S. real estate, and its impact on regional economies, local job markets, and even national security. This landmark study received significant media attention, including references in the Financial Times, Forbes, POLITICO, Reuters, Yahoo! Finance, WNYC, among others.
ChinaSF partnered on the report's U.S. launch events in San Francisco, New York, Los Angeles, and Washington D.C., and its China launch events in Shanghai and Shenzhen, where Darlene Chiu Bryant attended to discuss the report's findings.

Various China Events

ChinaSF co-hosted and partnered on many events in China this year.
In April, ChinaSF held a roundtable discussion at East West Bank to discuss venture capital funding in the Bay Area. Over 20 companies attended the event.
In June, the ChinaSF South China representative, Hannah Sieber, spoke about the role of co-working and incubation spaces at a China Real Estate Professional Association (REPA). The event, attended by over 100 companies, was focused on the role of commercial real estate in supporting growth in the technology industry.
In November, ChinaSF's Shanghai representative, Alex Moss, spoke at the TechCode Al Forum in Beijing. Alex discussed the San Francisco municipal government's approach to supporting the local tech community with mayors of Silicon Valley cities and Chinese municipal government officials in front of an audience of 200. Just a few years old, TechCode is one of China's fastest-growing incubation networks with 12 incubators across five countries.
China SF also partnered with Middlebury Institute of International Studies (MIIS) on a research paper focused on trade and intellectual property in China. The two organizations will be conducting research regarding China-US business and trade policy and the business lobbying of companies in China on free trade agreement (FTA) negotiation. In June, ChinaSF supported a delegation of students and professors to Beijing and Shenzhen and facilitated meetings with key companies and government agencies to enhance their research.

ChinaSF Staff Additions

In August, ChinaSF brought on a new Program Manager for its Shanghai office, Alex Moss.  A native of Piedmont, Alex was a summer intern for ChinaSF and obtained his Bachelor of Arts in International Relations from the College of William and Mary in Williamsburg, Virginia.  

Shanghai Lingang opens SF innovation center

Shanghai Lingang opens SF innovation center

On Tuesday, November 1st, 2016, Shanghai Lingang Economic Development (Group) Co., Ltd. kicked off its entry into the U.S. Market by unveiling the Shanghai Lingang Overseas Innovation Center at 755 Sansome Street in San Francisco. San Francisco Mayor Edwin M Lee, China Commerce Counsel Mr. Yihang Yang, Chairman of Shanghai Lingang Economic Development Group Holdings Mr. Guohua Yuan, together with other government officials and corporate representatives from both San Francisco and China attended the ceremony.
ChinaSF was honored to host and participate in the unveiling of the Shanghai Lingang Overseas Innovation Center, which is the first Chinese incubator to establish in San Francisco. The center will provide job opportunities for San Francisco residents, host offices space for local businesses, and support the local talent and creativity of the San Francisco workforce.
Chinadaily US Edition covered the unveiling ceremony. Take a look at their coverage through our blog posting!

SPRING Singapore Delegation visits ChinaSF

The morning of August 18th, ChinaSF hosted the SPRING Singapore delegation at our headquarters in downtown San Francisco.  The delegation consisted of CEOs and elected council members from various well-established trade associations that work with SPRING Singapore.  These associations included Singapore Logistics Association, Singapore Infocomm Technology Federation, Singapore Manufacturing Association, Singapore Furniture Industries Council, and International Enterprise Singapore.  Together, we had a productive talk about establishing volunteer networks and grooming volunteers to be valuable ambassadors that engage new members.  Another interesting topic we discussed was how to create initiatives that help champion small businesses.

About SPRING Singapore: SPRING Singapore is an agency under the Ministry of Trade and Industry responsible for helping Singapore enterprises grow and building trust in Singapore products and services. As the enterprise development agency, SPRING works with partners to help enterprises in financing, capability and management development, technology and innovation, and access to markets. As the national standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure. SPRING also oversees the safety of general consumer goods in Singapore.

Tēo Restaurant & Bar San Francisco Grand Opening

Tēo Restaurant & Bar San Francisco Grand Opening

July 22, 2016 (San Francisco, CA) – Tēo Restaurant & Bar, the new SOMA dining spot showcasing Chinese-style Chiu Chow cuisine, has announced that they are now fully open for business. During its grand opening week, July 22 through July 29, Tēo is offering of a complimentary platter of signature dishes, plus $5.00 cocktails to guests who engage with the restaurant via social media.

 Also referred to as Tēo Chew or Chao Zhou, Chiu Chow cuisine originates in Southern China with little representation in the Bay Area. Chiu Chow cooking is known for seafood, marinated meats and soups based on fresh, quality ingredients rather than an abundance of spice. It embodies more subtle natural flavors and is considered by many to be healthier than other Chinese styles. 

Don't miss out on this delicious addition to SOMA's food scene!

Tēo Restaurant & Bar: 1111 Mission St, San Francisco - for more information, find Tēo on Facebook and Instagram, or go to TeoSF.com

 

Inauguration of the Chinese Enterprises Investment & Trade Service Alliance

On Thursday July 7, 2016, ChinaSF attended an event at the Chinese Consulate General in San Francisco to celebrate the inauguration of the Chinese Enterprises Investment and Trade Service Alliance (中资企业投资贸易服务联盟成立仪式). This alliance, co-founded by ChinaSF, will establish a platform to provide services to inbound Chinese capital. Consul General Luo Linquan acted as keynote speaker, with Natosha Safo (SF City Government), Yang Yihang (Economic & Commercial Counselor), Liu Chun (CCCME), Bing Wei (Bay Area Council), and Shau Zhang (EY Americas) all offering their remarks, as well. Ms. Safo reaffirmed that San Francisco is indeed “open for business”, and Ms. Zhang suggested the boundless opportunities that increased inbound investment will create. ChinaSF is proud to be a founding member of this alliance that will prove invaluable to increasing cross-border capital exchange between China and San Francisco. Many thanks to the Consulate General for generously hosting the reception!

Financial Transformation in the Information Age

On Friday July 2nd, we had the honor of partnering with the Shanghai Financial Association (上海金融联合会) to co-host Financial Transformation in the Information Age, a forum on Fintech developments in China. After introductions by Vice President Fu Fan, Deputy Secretary General of Association of Shanghai Internet Financial Industry (ASIFI) Professor Meng Tian spearheaded discussions by detailing a qualitative overview of recent Chinese Fintech developments. According to Professor Meng, China’s combined efforts in industry, internet, and finance has the potential to provide an optimal platform for Fintech developments, but still has necessary room for improvement.

Next, Pillsbury’s Marco A. Santori delivered a summary of Blockchain and Bitcoin’s development, for which he was later applauded for his succinctness. “Today,” he stated, “China controls Bitcoin mining.”  Finally, President & CEO of Shanghai Homefax Financial Information Service Co., Ms. Zhang Qi shared insights from her own business practices, sharing risk evaluation methods of her trade.

About the Shanghai Financial Association:

The Shanghai Financial Association is a nongovernmental and nonprofit organization established by Shanghai financial guilds, financial markets, large financial institutions and related service agencies governed by the Shanghai Financial Services Office and registered under the Shanghai Administration Bureau of NGOs.

The association’s mission is to carry out national strategies by strengthening horizontal cooperation and communication between the financial institutions. This is done by giving full play to integration and synergy of the entire financial sector in Shanghai, pioneer financial reform and innovation, actively promote opening up, develop a comprehensive financial market system with abundant service agencies, financial products and talents.

For more information, see here.

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Shanghai Municipal People's Congress Delegation

On June 28th, ChinaSF welcomed a delegation from the Shanghai Municipal People's Congress (上海人大) to San Francisco's City Hall. Following a special tour of the historic building, we joined Mark Chandler, Director of San Francisco's Office of International Trade and Commerce, for an exclusive conversation. Both parties emphasized the significance of the Sister City relationship between San Francisco and Shanghai started by then Mayor Dianne Feinstein, now nearly forty years ago. Director Chandler remarked at its lead role in "connecting people and building ties" between two equally dynamic and growing cities. ChinaSF is grateful for the opportunity to strengthen bonds and foster collaboration across the Pacific.

About Shanghai: Shanghai is a booming metropolis and one of Asia's most populous cities with nearly 25 million people. Known as the Paris of the Far East, it also boasts the world's largest port and is China's preeminent financial center with its Pudong District. While being one of China's most modern cities, it still maintains its traditional cultural and historical features, such as the Bund.