The delegation of government and financial leaders from Hangzhou arrived for a ceremonial signing of a resolution announcing Sister City status between Hangzhou and Greenwich.
I attended this event and express my thanks to the First Selectman’s Economic Advisory Committee for extending an invitation.
Greenwich First Selectman Peter Tesei greeted the delegation led by Tao Guo, Secretary General of the Zhejiang International Hedge Fund Talent Association.
Greenwich and Hangzhou will promote social, cultural and commercial relationships to “broaden and strengthen ties, developing cooperation through initiatives and projects that increase awareness that both cities are global financial centers.”
In 2013 Chinese journalists visited Seattle, Washington, California’s Silicon Valley and Greenwich, Connecticut. A future “fund town” architectural development team provided first-hand impressions of what to emulate for returning ex-pat North American-educated Chinese, replicating living and working environments found in the USA.
Greenwich, Connecticut was distinguished by its proximity to an urban center, maintaining an outstanding lifestyle setting, diverse commercial facilities and a concentration of industry leaders, financial figures and wealthy, high net worth residents.
Greenwich, ranking third globally with its concentration of 380 hedge funds managing $250 billion in assets, became the model for the development Shangcheng, China’s first investment management commercial park. Located just outside Hangzhou, it is home to China’s largest stock exchange.
In 2016 a reciprocal fact-finding visit included chair of the Economic Advisory Committee Jim Aiello, Greenwich business consultant Bob Lardon, and Bruce McGuire, founder and president of the Greenwich-based Connecticut Hedge Fund Association. They attended a conference on Global Alternative Investments hosted by the People’s Government of Zheijang Province and the Asset Management Association of China.
The signing ceremony is expected to mark the start of promoting cultural and commercial ties between Hangzhou and Greenwich.
The Connecticut Hedge Fund Association’s mission is to promote a favorable business climate for hedge funds operating in Connecticut and provide networking and educational forums.
The Chinese Hedge Fund and Talent Association is sponsored by the Finance Office of the Zhejiang provincial government. It is headquartered in the city of Hangzhou. The association is China’s largest body of senior hedge fund portfolio managers and influential figures in the asset management industry.
Photos were provided by Christopher Semmes Photography in Greenwich, Connecticut USA. Thank you!
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