On July 25th, the America China Society of Indiana welcomed Shaobo Li, Chairman and CEO of Sinocare to Indianapolis. Founded in 2002, the company develops, manufactures and sells biosensor technology real-time detection products. In 2012, the company was listed on the Growth Enterprise Market of SZSE (Shenzhen Stock Exchange SHE: 300298) and became the first biosensor stock in China. Earlier this year, Sinocare announced plans to acquire Indianapolis-based PTS Diagnostics.
Mr.HONG Lei, the new Consul General of the People’s Republic of China in Chicago, has arrived in the city of Chicago and assumed his office from July 22, 2016.
In an interview with local Chinese media at the O’Hare airport upon his arrival, Consul General HONG Lei extended cordial greetings to local Chinese community. He said that, with the unprecedented development of China-US relations and the unprecedented scale of common interest between China and US, our two nations are shouldering unprecedented responsibilities to safeguard the peace,prosperity and stability of the world. We should keep the bilateral ties developing steadily on a healthy track so as to benefit our nations and people.
Consul General HONG Lei noted that all the nine states within the consular district of the Chinese Consulate General in Chicago are showing strong desires to develop closer ties with China. As a new Consul General, he will devote himself to working with people from all walks of life in the Midwest, with the aim of strengthening China-U.S. Relations, to further promote pragmatic cooperation and people-to-people exchanges between China and the region. He will also dedicate himself as always to providing good services to the local Chinese community, who has played an important role in promoting China-US ties and the development of our two nations, as well as to the Chinese students.
Consul General HONG Lei was a spokesperson for the Chinese Foreign Ministry before this posting, and he spent years working in Chinese Embassy in Netherlands and Chinese Consulate General in San Francisco.
Story Courtesy of Chinese Consulate in Chicago
Think globally, connect locally. It’s time once again for World Trade Day, the Indy region’s premier international business event. Dignitaries and representatives from a multitude of countries will serve as your expert source for global business best practices, importing/exporting, and much more. Don’t miss the reception before our main festivities, as attendees and speakers alike will be on hand for casual conversation.
Location:
Marten House Hotel & Lilly Conference Center
1801 W. 86th Street
Indianapolis, IN 46260
Time:
8:00am-3:00pm
Registration:
https://www.eventbrite.com/e/world-trade-day-tickets-19684597160
On May 12th, Bedford Mayor Shawna Girgis travelled to China on an eight-day business trip. Accompanied by Mr. Larry Ingraham (Ingraham & Associates) and Ms. Ellen Chen (William-Lynn-James), Mayor Girgis travelled to Shanghai, Hangzhou and Bedford’s sister city, Fenghua to meet with business, government and education leaders.
In Shanghai Mayor Girgis met with an executive of the Starr Company that is representing Indiana in China to discuss business interests. She then met with Zhejiang provincial officials in Hangzhou to discuss the investment attractions of Bedford/Lawrence County, and ways to celebrate the 30th anniversary of the Indiana-Zhejiang sister-state relationship in 2017. In sister-city Fenghua Mayor Girgis met with Mayor Gao Haomeng, and signed an historic sister-school agreement between Bedford Middle School and the Fenghua Experimental Middle School that sets the stage for student/teacher exchanges between the two communities beginning in 2017. In addition, in both Hangzhou and Fenghua Mayor Girgis visited manufacturing companies that are interested in investing in the U.S. in the future. Her trip was dedicated to creating new opportunities for her community in the areas of culture, education and business.
Indianapolis-based PTS Diagnostics is being acquired by a Chinese company in a $200 million deal. The biometric testing device company expects the deal with Sinocare to close later this year. The companies say anticipate adding employees because of the business growth they expect from the acquisition.
PTS Chief Executive Officer Robert Huffstodt says the acquisition will put the company’s products in front of a much larger customer base. PTS has 215 employees, including 149 in Indianapolis.
The deal also includes considerations of up to $90 million, which are contingent on meeting certain milestones. Upon closing, PTS Diagnostics will become a wholly-owned subsidiary of Sinocare.
Huffstodt says the company is “quite pleased and excited” by opportunities that could come as a result of the acquisition. In a release, he said, “We share a vision of innovation and creativity, and together we will make our various solutions available to a much larger customer base, driving action and connecting more people to improved outcomes. Our biometric connectivity and information platform, the PTS Connect solution, continues to solve significant data management problems for healthcare professionals.”
Sinocare CEO Shaobo Li says the company “commends and respects” the achievements of PTS, adding “we are confident that they will be able to continue to deliver and achieve our common goals.”
PTS Diagnostics says it designs, manufactures and distributes its products for markets in more than 135 countries.
Story Courtesy of Inside Indiana Business
On April 2, 2016, nine students and three staff members from Columbia Elementary School in Logansport visited the Dongyang Experimental Primary School in China. Along with visiting cultural sites in Hangzhou and Beijing, the Logansport students stayed with local Chinese host families and attended classes in Dongyang.
In January 2013, principals and officials from Zhejiang Province visited Logansport Community School Corporation facilities. During their visit, sister school agreements were signed, promising a future of working and growing together. Since the initial visit, 94 students and 26 educators have visited Logansport, staying in the homes of community families and learning about American customs.
On April 16, 2016, three members of ACSI’s Board of Directors received the Outstanding Leadership award at the Indy Asian American Times Annual Gala in downtown Indianapolis. Mr. Ryan Hou (LHP), Mr. Joe Xu (Confucius Institute) and Mr. Xishun Zhang (The Heritage Group) each received awards for Community Engagement, Education and Business respectively. The event, which played host to more than 200 members Indiana’s Chinese community, featured a welcome by Mr. Danny Lopez, Chief of Staff for Lt. Governor Eric Holcomb along with a special tribute to former Indianapolis Mayor Greg Ballard. Established in 2004, the Indy Asian American Times (IAAT) is Indiana’s first bilingual (Mandarin/English) publication.
Despite recent economic downtown, the Chinese market continues to exist as a global economic powerhouse. Furthermore, China is still the second largest trading partner of the United States. With proper tools and insight, you can bravely look to the Great Wall for your next business success.
To that end, the U.S. Commercial Service, in partnership with the America China Society of Indiana, the International Center and Butler University, is proud to bring this program to the Indiana business community.
“Doing Business in China” aims to give Indiana businesses the necessary knowledge to safely conduct business in China. The topics to be covered by this program include:
Date: April 7, 2016
Time: 8:00am – 1:00pm (Breakfast and Lunch included)
Location: Butler University – Johnson Boardroom
To register, please visit this link. For questions or more information, please contact Ye Hu, International Trade Specialist at ye.hu@trade.gov
Meet and recruit Indiana University international students from a wide variety of majors for internship and full-time positions.
(Company sponsorship is not needed for an internship position while the student is still in school. Work authorization will be issued through Indiana University.)
Sponsored by the Undergraduate Career Services at the Kelley School of Business, in coordination with IU College of Arts and Science, School of Informatics and Computing, School of Public and Environmental Affairs, School of Public Health and the America China Society of Indiana.
Date: Friday, March 4, 2016
Time: 11:00 a.m. – 2:00 p.m.
Location: Indiana University, Bloomington Campus
Cost: Free for Employers
Registration: If you are interested in attending this event, and would like more information please contact Kirsten Prange at kprange@indiana.edu
