This week kicks off Governor Jerry Brown’s first official trade and investment mission to China in more than 10 years. Kristen Durham and I are proud to represent SVB’s Global Gateway and join the delegation of 75 business, economic development and policy leaders organized by the Bay Area Council. Many of our tech and life science clients do business globally from the start and are looking for ways to work across borders more efficiently and effectively. As participants in the mission, we’ll have an opportunity to represent our clients’ perspectives and experiences in our meetings with Chinese government and business leaders in Beijing, Shanghai and Guangzhou.
Kristen and I are also looking forward to the opening of the California Trade and Investment Office on April 12 in Shanghai’s Yangpu District. The Yangpu District is the center of Shanghai’s vibrant technology community and many firms have offices in the district, including the Bay Area Council and SVB. In 2005 we opened our first subsidiary in Shanghai to provide advice to U.S. clients looking to expand into China, and to assist local tech companies and VCs with in-market client service support and advisory services. We later opened another subsidiary in Yangpu that manages two local renminbi (RMB) funds for the Yangpu District. SPD Silicon Valley Bank, SVB’s joint-venture bank with the Shanghai Pudong Development Bank, is also located in the Yangpu District and opened in 2012. Ken Wilcox, of SPD Silicon Valley Bank, Chairman of Silicon Valley Bank, and a member of Governor Brown’s Trade and Investment Advisory Board will join us at the California Trade and Investment Office opening and we’re looking forward to his remarks on investing in California and accessing the Chinese market.
We have had the great opportunity to work with the government, investors and Chinese and foreign entrepreneurs to support and help stimulate the local innovation economy through our various roles over the last several years. It is an exciting time to be in China.This mission promises to be busy and we’re looking forward to meeting U.S. Ambassador to China Gary Locke during our stay in Beijing, connecting with our fellow delegates, and discussing how to encourage more collaboration, investment and trade between California and China. Connect with us on Twitter (@SVB_Financial and @ahtsao) and Facebook for pictures and details of the trip.