The North American Representative Office of Shenzhen, P.R. China (NAROS) and the Hua Yuan Science and Technology Association (HYSTA) have formed a strategic alliance after closely cooperating to successfully organize an information technology event in Santa Clara, CA, the previous month. The two parties signed a memorandum of understanding outlining ways in which the two entities can work together and promote US-China business exchanges. The signatories to the agreement are Mr. Heng Huang, Marketing Director of HYSTA, and Mr. Andrew Pan, Chief Representative and Managing Director of NAROS.
The basic framework for cooperation is outlined in four categories of collaboration. These include information-sharing regarding direct investment leads, information-sharing regarding trade leads, cooperation and joint participation in events, and assistance and mutual promotion whereby the two parties agree to exchange website presence and assist each other with logistics and other matters pertaining to trade missions, and visiting delegations.
This alliance is intended to deepen the City of Shenzhen's already large presence on the West Coast as well as promote Shenzhen's IT sector to one of the United State's most prestigious IT regions. It will also serve to further educate companies interested in China about opportunities in Shenzhen. This new relationship will prove invaluable to both organizations and is expected to be kept close.
About NAROS
North American Representative Office of Shenzhen, P. R. China (NAROS), is a U.S. based free service provider representing the City of Shenzhen, the first Special Economic Zone in China and the largest export city as well as the 4th largest economy among all China cities. Sponsored by the Municipal Government of Shenzhen and the Shenzhen Science, Industry, Trade, and Information Technology Commission (SZSITIC), NAROS is to give support and services for North American companies to do business in Shenzhen and other parts of China on a no fee basis. As a cross-cultural business matchmaker and facilitator, NAROS aims at building the most well known channel for North American companies to do business in Shenzhen and the surrounding Pearl River Delta.
For more information about NAROS, please visit www.shenzhenoffice.org.
About HYSTA
HYSTA was established in 1999 by a group of Chinese entrepreneurs in Silicon Valley. From humble beginning as foreign students with almost no assets or connections, they became prominent business leaders in the Silicon Valley. They created HYSTA with the hope to share their experiences and knowledge with young Chinese professionals entering the business world. Now HYSTA's mission is to promote business, cultural exchange and to foster beneficial U.S. - China business relationships. They also endeavor to promote entrepreneurship and provide coaching and support for Chinese professionals in the Silicon Valley Area.
For more information about HYSTA, please visit www.hysta.org.
Contacts:
Heng Huang, HYSTA, general@hysta.org
Mitchell Lamberth, NAROS, 213-628-9888 or email: mitchelllamberth@shenzhenoffice.org
