On September 28, 1999, FORTUNE Global Forum annual meeting opened at Shanghai International Convention Center. President Jiang Zemin attended the event and he reaffirmed that the Chinese people will continue to firmly take the road of reform and opening-up.
In November 1986, the People’s Bank of China held a China-U.S. financial market symposium. On November 14, Comrade Deng Xiaoping met with John Phelan, chairman of New York Stock Exchange and presented him with a one-stock certificate of Shanghai Feilo Acoustics Co., Ltd. with a face value of 50 yuan.
Shanghai Cabot Chemical Co.,Ltd., the first foreign chemical company in Shanghai, was founded in April, 1988. It was invested by Cabot Corporation and Shanghai Huayi Energy and Chemical Co.,Ltd. (formerly Shanghai Coking Co., Ltd.) under Shanghai Huayi (Group) Company.
On October 5, 1992, American International Group, Inc. (AIG) was granted permission to establish AIA Shanghai branch, the first foreign insurance company in China. It was the first time the Chinese government issued business license to a foreign insurance company in over 40 years.
Founded in April, 1983, Shanghai-Foxboro Company Ltd. is the first Sino-U.S. joint venture in the meters and instruments industry in China.
“Enjoy this informative book full of challenges and opportunities for US China relationship. Let us be peacemakers and seek opportunities for friendship and exchange. With love and friendship, may all paths continue to meet.”