Shijiazhuang MOU Signing

Shijiazhuang MOU Signing

On July 24th, ChinaSF signed an MOU with Foreign Affairs Office of Shijiazhuang Municipal Government at the Santa Clara Convention Center.

Through this agreement, ChinaSF and the city of Shijiazhuang will develop mutually beneficial trade and economic relations. Both parties agreed to promote, strengthen and expand trade, investment, and collaboration in high tech, biotech and smart city industries among enterprises, entrepreneurs and organizations in the San Francisco Bay Area and Shijiazhuang.

Jiangsu Science and Technology Delegation

On July 2nd, ChinaSF partnered with CEC (California Energy Commission) to host a delegation from Jiangsu province, at Moss Adams. ChinaSF and other representatives from Gobiz and Moss Adams established their relationship with the Chinese delegation and shared their insights in new energy development, medical science, bio-science industries between China and the US.

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Lingang and Tesla

Lingang and Tesla

We are so proud to see that Lingang, one of our partners, was able to strike a historic deal with Tesla for a new factory in China. The "Gigafactory 3" is the first factory to be entirely foreign owned under new Chinese regulations. This factory will be capable of producing 500,000 electric vehicles per year. 

Two years ago,  ChinaSF helped Lingang open their first overseas innovation center right here in San Francisco. 

For more information on Lingang's San Francisco innovation center, click here

 

GlobalSF Launch

GlobalSF Launch

FOR IMMEDIATE RELEASE

San Francisco and the Office of Economic and Workforce Development Launch of Global:SF to Further Connect San Francisco to Global Businesses and Investment

Global:SF includes China:SF, Latin:SF and SF:Asia, and will expand its footprint to other parts of the world

June 27, 2018 -- San Francisco, CA -- Today, Global:SF and the Office of Economic and Workforce Development (OEWD) and the City of San Francisco today announced the launch of Global:SF, a new organization dedicated to connecting international businesses and facilitating trade and investment to the San Francisco Bay Area. Global:SF will house China:SF, Latin:SF and SF:Asia, and will expand its international footprint to other parts of the world through partnerships with corporate partners, 75 consulates and international economic and trade offices based in San Francisco.

“Over the past decade San Francisco has become home to hundreds of international companies, creating thousands of jobs and spurring new business growth in our City,” said San Francisco Mayor Mark Farrell. “As our great city continues to lead the nation in innovation and diversity with an unwavering commitment to helping businesses succeed, and it is important that we expand our efforts to attract new trade and investment flows between San Francisco and the world. Global:SF was created to do just that and we’re proud of the work the team has done to keep San Francisco top of mind with businesses and investors around the world.”   

Global:SF will leverage its extensive experience, diverse talent and trusted relationships to connect the San Francisco Bay Area with global businesses and promote economic prosperity and sustainability. Headed by economic and innovation growth expert, and previous China:SF Executive Director, Darlene Chiu Bryant, Global:SF will look to build on its team’s  proven track record that’s already attracted more than $5.1B in foreign investment.

Headquartered in San Francisco and with offices in Shanghai, Beijing and Shenzhen, Global:SF will focus on the facilitation of business growth and job creation within biotech and life sciences, cleantech and renewable energy, financial services and insurance, information and data services, advanced materials and manufacturing, software and digital media, tech and electronics, travel and tourism, real estate and infrastructure, hospitality, food and beverage, healthcare and education.

“With support from the City of San Francisco, the OEWD, private sponsors, and our founding board members and transition team, we will continue to accelerate economic development and job creation in San Francisco through strategic international investments,” said Darlene Chiu Bryant. “We are also happy to share that we responded to a City RFP and have been awarded the grant to continue the work of the international initiatives China:SF, SF:Asia and Latin:SF.”

Founding Global:SF board members include Hans Galland of Pacific Eagle, David Kaufman of Nixon Peabody and Wenli Wang of Moss Adams. To learn more about Global:SF, please visit: www.globalSF.biz.

About Global:SF

Global:SF’s purpose is to enhance the global competitiveness of San Francisco. The new organization will promote San Francisco as the location of choice in the world for business and life. Building on the success of ChinaSF and the other international initiatives previously housed under the San Francisco Chamber of Commerce, Global:SF will operate under the auspices of the City of San Francisco. 

Created in 2008, China:SF was created as a public private partnership to identify, attract and retain inbound investors and companies from China. The program was initiated by OEWD with operations made possible with a grant from the City of San Francisco, and additional financial support from the private sector.  In 2015, China:SF was joined by two other international initiatives, Latin:SF and SF:Asia, to further promote San Francisco as a destination of choice for inbound global companies and investors. 

To date, the three initiatives have recruited and assisted more than 1000 companies, creating more than 800 jobs, resulting in more than $5.1B in foreign investment. Global:SF will look to build on the decade of success by expanding its international footprint to other parts of the world through partnerships with 75 consulates and international economic and trade offices based in San Francisco.

To learn more about Global:SF, please visit: www.globalSF.biz or email us at info@globalsf.biz.

About the Office of Economic and Workforce Development (OEWD)

The Office of Economic and Workforce Development's (OEWD) mission is simple – to create shared prosperity in San Francisco. OEWD provides city-wide leadership for workforce development, business attraction and retention, neighborhood commercial revitalization, international business and development planning. For more information, go to: www.oewd.org.

Contacts

Grayling

Tim Black, 415-939-7207

tim.black@grayling.com

 

San Francisco Chronicle, Chinese investment in U.S. plunges, with big implications for California

San Francisco Chronicle, Chinese investment in U.S. plunges, with big implications for California

By David R. Baker, April 9, 2018

https://www.sfchronicle.com/business/article/Chinese-investment-in-U-S-plunges-with-big-12819680.php

As the threat looms of a trade war between Washington and Beijing, a new report finds that Chinese investment in the United States plunged by more than a third last year, a result of policy changes in both capitals.

That downward trend, if it continues, could have big implications for California.

No other state has received as much investment from Chinese companies, which since 2000 have sunk an estimated $21 billion into opening Silicon Valley technology labs, buying or funding local companies, and financing real estate development.

Chinese investment in U.S. companies and properties soared in the past decade, from less than $1 billion per year before 2008 to $46 billion in 2016. But according to the new report from the National Committee on U.S.-China Relations and the Rhodium Group, investment tumbled to $29 billion in 2017.

And that number was propped up by deals announced in 2016 but completed last year. Remove those, and the value of new Chinese investments in 2017 dropped 90 percent, according to the report — and fewer new deals were announced in 2017 than in 2016.

The trend means that American companies may not be able to attract as much investment as they otherwise could, potentially limiting their growth.

The authors lay the blame squarely on decisions made by government officials in both countries — not market changes.

In China, government authorities sought to rein in “irrational” international investments by companies overextending themselves and posing a risk to the country’s financial system.

Meanwhile, in Washington, proposed deals came under much more aggressive scrutiny from the Committee on Foreign Investment in the United States, which reviews foreign purchases of U.S. companies for potential threats to national security.

Starting under President Barack Obama and accelerating under President Trump, some federal officials have charged that the Chinese government has encouraged Chinese companies to buy or invest in American businesses as a way to obtain trade secrets and dominate key industries, particularly in technology. According to the report, an “unprecedented” number of Chinese-American deals were delayed or blocked by CFIUS in 2017.

As a result, some in Washington will likely welcome the drop in Chinese investment, said Stephen Orlins, president of the National Committee on U.S.-China Relations. He does not share their view.

“There are folks in the security community who think it’s a wonderful thing,” Orlins said. “There are folks in China who believe the state should interfere in investments, and they think it’s a wonderful thing. I think the majority of the American people and the majority of the Chinese people would say it’s not a good thing.”

Both governments are now threatening punitive tariffs on each other’s goods, from dishwashers to soybeans. And yet the world’s two largest economies remain tightly linked.

A companion report also issued by Orlins’ committee and the Rhodium Group shows that Chinese investment in American companies has spread across the country. Companies with at least 50 percent Chinese ownership now employ about 139,600 people in full-time positions across the United States, with the number growing by 7,400 employees last year.

California has been the biggest recipient, followed by New York and Massachusetts. The Golden State has an estimated 530 Chinese-owned businesses, with 16,000 jobs, compared with roughly 200 businesses in New York employing 6,440 people.

Within California, most of the money has flowed to the Bay Area and the Los Angeles region. Chinese businesses such as Internet search giant Baidu and telecom equipment-maker Huawei have opened labs in Silicon Valley to tap the region’s engineering talent. Chinese investors have also bought some firms outright, such as digital imaging company OmniVision, and purchased minority stakes in others, such as social networking business Snap.

Not all of the investments have panned out. As the report notes, LeEco — once described as the Netflix of China — had to sell its U.S. headquarters in Santa Clara last year, as the company scaled back after years of rapid international expansion.

The Bay Area has also actively courted Chinese investment. San Francisco has a public-private partnership organization, ChinaSF, that tries to facilitate Chinese investments in the city and the region, while also helping Bay Area companies expand to China.

“Other cities have come to us and said, ‘Hey, what’s your secret sauce?’” said Darlene Chiu Bryant, the group’s executive director. She is not particularly worried about last year’s drop in investment, saying, “It’s a time when the market levels off a bit, so I’m not surprised.”

Chinese investment in the Bay Area’s tech industry troubles critics who see in it a danger to America’s economic future. It is, they say, another way to gain access to intellectual property that China can use to seize the lead in such fields as renewable energy and electric or autonomous cars — property that the U.S. government has at times accused China of stealing outright.

“China has engaged in a wide-ranging, well-funded effort to direct and support the systematic investment in, and acquisition of, U.S. companies and assets to obtain cutting-edge technology, in service of China’s industrial policy,” read a report issued in March by the Office of the United States Trade Representative, arguing for tougher trade policies toward the country.

“China’s acts, policies, and practices are unreasonable because they are directed and supported by the government, and unfairly target critical U.S. technology with the goal of achieving dominance in strategic sectors,” the report read.

Bryant considers that fear overblown.

“At the end of the day, every tech company I know of wants to become a global company,” she said. “This is a global economy. Your technology is going to leave this country one way or another, it’s just a question of whether you’re going to be part of that transfer.”

ChinaSF's 10th Anniversary

ChinaSF's 10th Anniversary

On March 8th, 2018, ChinaSF celebrated our 10th anniversary at our annual fundraiser. ChinaSF was formed in 2008 as the China desk for Mayor Gavin Newsom to focus on recruiting and serving inbound companies and investment from China to increase job opportunities in San Francisco. Today, ChinaSF has recruited and assisted more than 96 companies, provided counsel to more than 1,000 companies, created more than 788 jobs, and brought in more than $5.1 billion in foreign direct investment to San Francisco.

This year’s event was held at the Cosmo Labs offices. Cosmo Labs is a Hong Kong based company that designs and develops prototypes into market-ready ideas for top consumer brands. Cosmo Labs was founded by Europeans who specialize in industrial design and advanced manufacturing for tech hardware and high end consumer brands. They design and develop things such as Apple accessories as well as designer items for brands such as Michael Kors and Saint Laurent. With manufacturing facilities in China and a design center in Hong Kong, the founders decided to establish an industrial design center in San Francisco to facilitate its clients and be closer to R&D centers in the region.

In addition to Cosmo Labs, our 10th anniversary would not have been a success without our other event sponsors: ChinaLive, Decathlon, Crystal Jade, Mandarin Leader, Maxville Winery, and Forma.

The event began with an opening address from our Executive Director, Darlene Chiu Bryant, in which she thanked everyone for their support over the years and highlighted some of ChinaSF’s major accomplishments in the last decade. Following this address, a memorial video was played to honor the late Mayor Ed Lee. Mayor Lee, the biggest advocate for ChinaSF. Under his leadership and advocacy, we were able to establish a third China office in Shenzhen, establish five friendship cities in China, help cities such as Qingdao and Guangzhou open office in San Francisco, as well as launch two initiatives: ChinaSF builds, focused on real estate, and ChinaSF Sandbox, for tech companies.

After the memorial, Todd Rufo, Director of the Office of Economic and Workforce Development gave his welcoming remarks and congratulations to ChinaSF on their 10 year anniversary. California State Assemblymen Phil Ting and David Chiu gave their congratulations and presented a Resolution from the State Assembly to ChinaSF. San Francisco City Assessor-Recorder Carmen Chu gave her remarks, congratulations, and certificate of honor to ChinaSF as well.

The Commercial Consul of China, Mr. Yihang Yang, was also in attendance to congratulate ChinaSF on their accomplishments as well as to commend their continuing work for economic cooperation between San Francisco and China. The Consul-General from Singapore, Mr. Darryl Lau, was also present to celebrate the occasion. Mr. Hans Galland, Senior Vice President of Pacific Eagle, gave his own remarks for the occasion in addition to providing a teaser for the next stage of development for ChinaSF and the international programs. Last but not least, the venue host’s CFO, Richard Genrault commended ChinaSF on their work over the last decade.

The evening’s festivities concluded with a live auction and cocktail social.

 

 

For more photos from our event, please visit the following websites:

https://frankjangeventphotography.shutterfly.com/256150

 https://www.snappr.co/gallery/f3176c2e-3877-4b12-8303-4566fe8f8ad2

2017 YEAR IN REVIEW

2017 YEAR IN REVIEW

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ChinaSF Hosts Annual Fundraiser

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On February 23, ChinaSF celebrated its 8th annual fundraiser alongside the grand opening of Chinatown’s newest culinary destination, China Live. ChinaSF celebrated its success as an economic initiative of San Francisco’s OEWD. With the support of ChinaSF’s network and the opportunity to sample the best Chinese Cuisine has to offer, ChinaSF celebrated with over 800 attendees and fundraised $24,609.09.

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China Live is a 30,000 square foot development that will house three distinctly different restaurant concepts, bar and a retail section, creating more than 90 jobs to date.


Sunman Energy Company Launch

On May 17, ChinaSF helped Suman Energy host a reception to talk about this new company and its new products. Dr. Shi, the company’s founder and also founder of the company Suntech, shared his passion for solar energy and introduced his new products like the light weight, flexible, thin solar panels which he hopes to bring to our global economy to compete with Tesla.


BIO International Convention: The Global Event for Biotechnology

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From June 20 – June 22, BIO hosted its 24th annual BIO International Convention in San Diego with more than 6,000 attendees from 65+ countries.

Helen Li represented ChinaSF and collaborated with SFCED to promote San Francisco and its growing biotech hub and opportunities. ChinaSF hosted a successful booth with SFCED, resulting in meeting over 30 Chinese delegates. Through interacting at this event, ChinaSF is in the process of signing a MOU with China’s Chamber of International Commerce. Additionally, Shanghai Bio also expressed its interest in San Francisco Bay Area and collaborating with ChinaSF to set up a San Francisco office.


Life Sciences Gateway Panel Event

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On June 23, ChinaSF hosted our Life Sciences Gateway biotechnology panel event at QB3 in San Francisco’s Mission Bay. Through the attendance of leaders at QB3, JP Morgan, Wells Fargo, Deloitte, Theranova, and Natosha Safo from OEWD, attendees were able to discuss the opportunities in both San Francisco and its growing biotech industry.

Representing the new biotech industry in China, 10 Chinese delegates were brought to ChinaSF’s Life Sciences Gateway after attending the BIO International Convention. In successfully educating and collaborating with China’s Chamber of International Commerce, not only did ChinaSF provide the resources and opportunities our biotech hub offers but we also enabled China’s Chamber of International Commerce to establish its biotech footprint in San Francisco.


Select USA 2017

As the highest-profile event dedicated to promoting foreign direct investment in the US, Select USA held its 4th Investment Summit this June in Washington, DC. This year, Select USA had a record attendance of more than 2,800 participants from over 60 international markets and 51 U.S. states and territories. In particular, over 200 Chinese investors were brought by the US Trade Office to enable greater Chinese attendance at this large event.

ChinaSF was honored to be the only sponsor from California to join Greater Washington China Investment Center's dinner cruise welcoming the Chinese delegation to Select USA 2017.

ChinaSF’s executive director, Darlene Chiu Bryant represented ChinaSF at its 3rd attendance at Select USA and hosted a successful booth, resulting in gaining 72+ contacts at this event.


InvestSF

On October 5th-6th, ChinaSF supported InvestSF program in Singapore. Darlene Chiu Bryant represented ChinaSF to speak at the program about business environment in San Francisco. She also shared the insights and discussed with other speakers at the panels about challenges, as well as the opportunities and practical implications involved in entering the US market.


2017 ChinaSF Builds Roadshow

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ChinaSF organized the inaugural ChinaSF Builds Roadshow from October 8th to 13th. As the second educational real estate roadshow, ChinaSF brought 25 real estate professionals, including developers, investment experts, lawyers, SF City Government representatives, and executives, from the Bay Area to Shanghai, Beijing and Hong Kong.

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With over 160 attendees at our event, ChinaSF was able to successfully host and connect the Chinese community with opportunities and information on the procedures necessary to establish business in San Francisco. Due to the success of ChinaSF’s 2016 Builds Roadshow, ChinaSF is hosting its second roadshow in October 2017.


Lingang Strategic Cooperation Signing Ceremony

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On October 9th, a signing ceremony between ChinaSF and Shanghai Lingang Group was held at Caohejing Renaissance Hotel in Shanghai. Under the witness of San Francisco Mayor Edwin Lee, director of Office of Economic and Workforce Department Todd Rufo, director of Planning Department John Rahaim and director of Office of Resilience Capital Planning Brian Strong, Darlene Chiu Bryant signed a partnership agreement with Shanghai Lingang Innovation Center. Both parties expressed full confidence in the in-depth cooperation and the integration of innovative resources in Shanghai and San Francisco.


Canton Tower Science & Technology Conference

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The launch ceremony of 2017 Canton Tower Science & Technology Conference was held in Guangzhou on October 12, 2017. 100 influential speakers delivered impressive speeches. More than 9,000 audience members from home and abroad came to the site, while 7,100,000 people viewed this remarkable event online.

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ChinaSF was honored to be the only one overseas supporting organization.  Todd Rufo represented San Francisco and Helen Li represented ChinaSF at the conference to promote the city. In the evening, Guangzhou Science Technology and Innovation Commission and San Francisco office of Economic and Workforce Development held a signing ceremony to memorize future cooperation in information technology, innovation and entrepreneurship and exchange visits between two cities.


Maotai New Product Launch

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On October 13th and 14th, ChinaSF and a delegation led by San Francisco Mayor Edwin Lee paid a visit to Maotai and took part in the launch ceremony for Kweichow Moutai Day commemorative liquor, a specialty product designed exclusively for the American market. During the visit, Darlene Chiu Bryant represented the San Francisco city government and signed a memorandum of understanding on friendly cooperation with Kweichow Moutai Co., Ltd.  According to the agreement, the two parties plan to cooperate strategically and extensively and, as part of the cooperation, Moutai will build an office in San Francisco, where a formal celebration honoring Kweichow Moutai Day will be held annually.


China Smart City Forum & Expo

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China Smart City Forum & Expo 2017 is held in China Hi-Tech Fair 2017 at Shenzhen Convention & Exhibition Center, with focuses on leading innovation-driven development, promoting intelligent manufacturing, boosting the transformation of applications in new technology for traditional industries, strengthening the development and application of mobile internet technology. ChinaSF was the only overseas supporting organization. Helen Li represented ChinaSF to speak at Innovative Applications of Smart City session and promote San Francisco.