The most closely watched event in the world recently is undoubtedly the US midterm elections on November 4. Just after the elections concluded, US Congressman Mike Fitzpatrick, who was successfully re-elected, flew to Beijing and Shanghai immediately. He was not there to thank voters, but rather, at the invitation of the Pennsylvania state government and Worldway Immigration Group, to promote the Pennsylvania Turnpike project, a US investment immigration project exclusively represented by Worldway.
This is the first time since the enactment of the EB-5 US investment immigration law that a US Congressman has joined forces with a Chinese immigration agency to promote an EB-5 project. Since the United States is a society based on elected representation, the Congressman's visit to China to promote the Pennsylvania Turnpike project, which is exclusively represented by Worldway, is equivalent to using his political capital to endorse Worldway and the Pennsylvania Turnpike project. Mr. Mike Fitzpatrick, as a US Congressman, accepted the invitation to specifically promote the Pennsylvania Turnpike project in Beijing and Shanghai because this is not a project by a private developer, but rather a project jointly invested by the US federal government and the state government, and owned, operated, and managed by the state government. It is a "hub project concerning the national interests and security of the United States" and has already received I-924 pre-approval from the US Citizenship and Immigration Services. It is precisely for this reason that Congressman Mike Fitzpatrick felt confident in endorsing this project.
Raising funds through the EB-5 US investment immigration program to improve municipal construction for various levels of US government aligns with the legislative intent of the EB-5 Act and is supported by the US Congress. As early as July of this year, Dr. Winner Xing, President of Worldway, visited Miami and met with another US Congressman, Mr. Joe Garcia. Congressman Garcia clearly stated that using EB-5 financing to improve US municipal construction is in line with the legislative purpose of the EB-5 Act and that the US Congress would provide strong support. At that time, the 520 Bridge Bond project, which was highly anticipated by the Chinese and American immigration communities, had not yet received final approval. Mr. Joe Garcia confidently told the President of Worldway that the issue with the project was not whether it could be approved, but when it would be approved. Subsequently, the 520 Bridge Bond project was quickly approved, receiving high praise from the US immigration community and sparking significant attention and popularity among investors for government-backed EB-5 projects.
The US investment immigration Pennsylvania Turnpike project is another EB-5 project launched by Worldway following the approval of the 520 Bridge Bond project, which is financed by a US state government with a repayment commitment. It is also currently the EB-5 project with the highest credit rating on the market. The borrower, the Pennsylvania Turnpike Commission, has long held a high credit rating. The three major international rating agencies (S&P, Moody's, and Fitch) have assigned the Pennsylvania Turnpike Commission credit ratings of "A+", "A1", and "A+" respectively, which are higher than the credit ratings of all current Chinese state-controlled banks.
This time, the US Congressman and the Chairman of the Pennsylvania Turnpike Commission will jointly promote the US investment immigration Pennsylvania Turnpike project with Worldway in Beijing and Shanghai. The Congressman will also personally introduce the policy direction and trends of US investment immigration following the US midterm elections to investors on-site. This is a rare opportunity not to be missed!
[US Investment Immigration Pennsylvania Turnpike Project Seminar]
US Congressman and Chairman of the Pennsylvania Turnpike Commission visit China for the first time to promote
Beijing
Time: Saturday, November 8, 2014, at 14:30
Location: Millennium Hotel Beijing, 3rd Floor, Fortune Hall 2
Shanghai
Time: Sunday, November 9, 2014, at 14:30
Location: The Portman Ritz-Carlton, Shanghai, 4th Floor, Shen Banquet Hall 1 (Shanghai Centre, 1376 Nanjing West Road, Shanghai)
Shenzhen
Time: Saturday, November 8, 2014, 14:30-17:00
Location: Four Seasons Hotel Shenzhen, 29th Floor, Lily & Lotus Room (138 Fuhua 3rd Road, Futian District, Shenzhen, China)
Guangzhou
Time: Saturday, November 15, 2014, 14:00
Location: The Ritz-Carlton, Guangzhou, 2nd Floor, Salon Room
Seats are limited, please book in advance: 400-138-2929
