3. Changsha Federation of Overseas Chinese Entrepreneurs

Overseas Chinese businessmen are an important force in China’s economic development. According to statistics, more than 60% of foreign investment in China and more than 70% of foreign-invested enterprises in China originate from overseas Chinese businessmen or those residing in Hong Kong and Macao. Changsha Federation of Overseas Chinese Entrepreneurs was established on June 24, 2016. This non-for-profit organization is the home for overseas Chinese entrepreneurs and those from Hongkong and Macao, doing business in Changsha. The Federation works as a platform for Chinese entrepreneurs from overseas, Hongkong and Macao who are doing business in Changsha to share information and set up cooperation for mutual benefits. It is also committed to ushering new overseas Chinese businessmen into the local market and nurturing government relationship for its members.
CIBAC delegation met with Changsha Federation of Overseas Chinese Entrepreneurs in November 2016. Witnessed by Ms. Chen Hui, Chairwoman of the Changsha Overseas Chinese Federation, Mr. Johnny So, President of CIBAC, and Mr. Zeng Yingming, President of the Changsha Federation of Overseas Chinese Entrepreneurs, signed a friendship agreement on behalf of their own organizations. The signing of the agreement has marked the official start of cooperation between the two parties. At the meeting, CIBAC representatives introduced seafood resources in Canada and showcased a Canadian patented food packaging technology. Representatives from Changsha Federation of Overseas Chinese Entrepreneurs analyzed the potential of China’s smart home market and the related products and technologies that this market need.