On May 19, 2019, CGCC-Chicago as a co-organizer of the 4th Chicago University Graduate China Forum hosted the “cross-border investment” panel. Mr. Pin NI, Chairman of CGCC-Chicago and President of Wanxiang America, Mr. Dave Rank, the Deputy Chief of Mission , the US Embassy to China participated as panelists. Mr. Randall Kroszner, Professor of Economics at the University of Chicago Booth School of Business and a former member of the Federal Reserve Board of Management moderated the panel. Pin shared his views and experience about cross-border investment with more than 300 guests. Representatives from CGCC-Chicago including Bank of China, Wanda Group, Jiu San Group, China Southern Airlines, Goldwind Americas, ZTE, China Unicom, Shengrui North America, Thyssen Transp, blk Architecture attended the forum.
The forum firstly strikes the foundation of cross-border investment is effective communication. “Not only communication in principle, but also by what means and methods we communicate is fundamental. Effective communication should be based on the problem of both sides in solving problems, not through rationality or Irrational confrontation.” When the host talks about the current trade war, Pin said “trade war is temporary and artificial”, “investment pursues value, which is a more complicated topic than trade pursuit of profit”. “The trade war is not only about two countries. It’s about the structural differences between two markets and it’s rather a challenge of economic restructuring of China itself.” When the moderator proposed constructive proposals for cross-border investment, Pin suggested that “whether investing in China or investing in the United States, the transparency and consistency of policies is the biggest demand for investors to choose an overseas investment environment.” In the summary of the forum, Pin also stated that “our Chinese-funded enterprises have always been proud of their diligence and enthusiasm. We are also experiencing the introspective learning process, just like the intellectual property, labor and entirely trust issues experienced by American companies seventy or eighty years ago. Like introspection in affirmative and anti-monopoly, companies should better respect the rules and play by the rules. Meanwhile, we hope the government could also play by the rules and not treat particular companies differently.”