On July 29, 2011, the annual EB-5 Regional Center Summit was held in Boston, Massachusetts, USA. Over 120 attendees, including chairpersons of various regional centers in the United States, the president of the EB-5 Immigration Association, senior economists, EB-5 investors, regional center creators, and immigration attorneys, participated in the summit. Worldway Immigration Agency, as the only invited speaker from China, attended the meeting. At the conference, Dr. Winner Xing, President of Worldway, delivered a keynote speech on the development and promotion of EB-5 in China, which received unanimous recognition from the attendees.
The chair of the EB-5 Committee of the American Immigration Lawyers Association, Attorney H. RONALD KLASKO, was the first to speak, followed by a brilliant presentation on EB-5 by senior economist Mr. Jeff Carr. Dr. Winner Xing focused on the development of EB-5 in China, elaborating on his views.
Attorney H. RONALD KLASKO speaking at the summit
Dr. Winner Xing provided an incisive analysis of the development history of EB-5 in China and proposed the slogan, "The era of blind following EB-5 is over; the era of selective projects has arrived." Addressing the numerous regional center project financiers and chairpersons, Dr. Winner Xing emphasized that ensuring client interests is paramount, and safety and reasonableness are principles to follow. He detailed that for American EB-5 projects to enter today's Chinese market, they must start from the fundamental interests of clients, using reasonable investment structures, safe and reliable employment methods, and streamlined exit mechanisms to meet clients' immigration needs, while maximizing the protection of investment immigration clients' interests and the security of their green cards.
Dr. Winner Xing's speech elicited a strong response from the attendees, who actively expressed their opinions and engaged in intense discussions regarding the future development of EB-5 in China. There was a consensus that Worldway's success today is inseparable from its adherence to selective project standards and strict supervision systems.
After the meeting, Attorney H. RONALD KLASKO exchanged views with Dr. Xing, clearly stating that he would reference Worldway's successful experiences and Dr. Xing's insights to propose suggestions for improving existing immigration laws to the U.S. Citizenship and Immigration Services and the legislative committee.
Through this summit, Worldway conveyed the concerns and demands of Chinese clients to U.S. EB-5 regional centers and immigration lawyers, articulating the voice of Chinese clients, summarizing the development and current status of EB-5 in China, and offering many practical and reasonable suggestions for future development in China. For many years, Worldway has been at the forefront of EB-5, and it will leverage its influence in the immigration industry in both China and the United States to continuously present reasonable demands of Chinese clients to relevant parties, promoting the improvement of EB-5 investment immigration, and providing more high-quality and safe EB-5 projects to Chinese clients through strict selection.
