Exchange Database
Summit focuses Chinese role
hang Guochang, chairman of Henan Shenghongxiang Chemical Co, spoke in San Francisco at the start of a 10-day tour for investors in conjunction with the US China Energy Summit, with events in Houston and Washington to follow. At the summit, attendees will learn about the industry's inner workings, including the impact of government policies and regulations, with the goal of sparking investment opportunities.
Four forums in Houston will focus on US oilfield exploration and development, and supply and demand affecting the world's oil reserves. US Energy Secretary Steven Chu and former president George W. Bush will present the Houston portion of the summit and give speeches.
Outcomes:
"Accelerating Chinese investment in the US has been one of our top priorities," Xia Shuguang, an economic and commercial officer with China's consulate in San Francisco, said at a reception for the summit. The push "to promote cooperation in the energy sector between Chinese provinces and US counties" stems from Vice-President Xi Jinping's visit to the United States earlier this year.
However, Chinese investors need to familiarize themselves with US energy policies, which many view as hostile to their interests, said Yang Bingqing, the summit's chairwoman and CEO of Texas-based oil exploration and production company Luca International Group LLC.
Government?:
Yes
Type of Exchange:
business
Partners:
Henan Shenghongxiang Chemical Co
US government
Luca International Group LLC
Participants (Types):
businesspeople, oil industry executives, government officials
Exchange Date:
Sunday, September 16, 2012
Continuing:
No
Level of Government:
state/provincial
Location:
San Francisco, California
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