EisnerAmper Co-Hosts Silicon Valley Panel for Chinese Investors
EisnerAmper and the Zhejiang Chamber of Commerce co-hosted an event in Mountain View, California—the heart of Silicon Valley. The firm’s national Personal Wealth Advisory and Asian Practice Group leaders Tim Speiss, Angela Chen and Yiping Wu presented with Sam Zhang, president of the Zhejiang Chamber of Commerce, to Chinese investors and other interested parties on entrepreneurship and tax legislation in the U.S.
Highlighting the session, EisnerAmper practice leaders, John Pennett (Technology and Life Science) and Dan Heller (Private Business Service), interviewed panelists in the banking, legal, private equity and venture capital sectors. They discussed the current issues and anticipated changes surrounding Chinese investment in the U.S. Over the past decade, there has been an increasing flow of Chinese foreign direct investment into the U.S., to the tune of $46 billion.
Silicon Valley continues to lead the pack in developing cutting-edge technologies, becoming one of the most investment-concentrated regions in the country. However, with emerging political and economic changes in both China and U.S., the market has seen increased restrictions on in-bound Chinese capital. The panel covered these and other potential barriers to foreign investment.
The speakers also discussed the cultural aspects of business investment. According to Chinese investors, in addition to economic, political and legal differences, social and cultural differences also play a role in investment. For example, Chinese businesses are encouraged to consult with local experts to set the stage for domestic employees in order to avoid any unintentional and costly challenges.
Tim Speiss concluded the panel by discussing new tax legislation that may impact future foreign investment, not to mention domestic employment. The informative event helped attendees make vital new contacts as well as successfully convey EisnerAmper’s strong commitment to help Chinese investors effectively integrate into the U.S. market.