Mesirow Financial Hosts Foreign Direct Investment Seminar for President of China's Delegation
CHICAGO, January 21, 2011 – In conjunction with Chinese President Hu Jintao's state visit to Chicago, Mesirow Financial hosted a seminar on foreign direct investment for 110 members of the President's delegation, as well as a number of local Chicago and Illinois political and business leaders.
The speakers, who, among others, included Warren Ribley, Director of the Illinois Department of Commerce and Economic Opportunity and Zhang Yingxin, Deputy Chief of China Foreign Investment Promotion Agency of the Ministry of Commerce and head of the delegation, focused on investment opportunities in Illinois and across the United States and the importance of working with qualified investment banks, law firms, accounting firms and insurance agencies in order to help ensure a smooth and successful transaction. Among the key points discussed were cultural and language barriers between U.S. and Chinese businesses, negotiations with U.S. target company employees and unions, intellectual property rights and pending litigation.
Jeff Golman, head of Mesirow Financial Investment Banking, drew on his more than 30 years of experience to note that any merger or acquisition transaction without proper professional advice can result in disaster. Mr. Golman also stressed the importance of connections with U.S. private equity firms in order to ensure that Chinese firms are well-positioned to acquire companies.
In addition to Mesirow Financial's investment banking expertise, the seminar also highlighted the firm's experience in the area of insurance and stressed the importance of proper insurance coverage for Chinese companies doing business in the U.S.
William Chen, General Manager of Moons Industries of America, discussed the Chinese company's success in investing in the U.S. Other speakers included Lucy Chen Kruse and Ross Norstrom of Mesirow Financial and Feng Xue, Chair of the China/Asia Practice at Katten Muchin Rosenman.
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with 1,200 employees in locations across the country and in London. Mesirow Financial's Investment Management businesses advise on assets of $47 billion, of which $21.7 billion are in currencies and commodities. For the fiscal year ended March 31, 2010, the firm posted $526 million in revenue, with more than $297 million in capital. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit mesirowfinancial.com.
The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2011, Mesirow Financial Holdings, Inc. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s).
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