Tuesday, November 9, 2010

Benjamin Wey's Way

With pre-G-20 summit meetings on the horizon, tensions continue to rise as China and Germany oppose the United State’s demand for lower a lower trade deficit and surplus. Beijing has called America’s push to let China’s currency appreciate a step toward “controlled economics.” Oddly enough, just this past Friday the Federal Open Market Committee injected over $600 million dollars into a US stimulus plan.

 

With that in mind, I wanted to gauge your interest in speaking with Benjamin Wey, a US-China business and trade relations expert and President of New York Global Group, a middlemarket firm specializing US-China investments and consulting, on the G-20 summit, “controlled economics,” and the ongoing currency war.

 

According to Ben:

 

  • “When the Fed announced a new $600 million stimulus plan to bring US interests rate lower and keep it that way, they did a lot more to more to artificially improve its economy than any other country.”

 

  • Both sides of the trade, importers and exporters will not be affected by a lower trade deficit and surplus. The biggest influencer currently is, again, the US Fed’s large stimulus boost.”

 


Mr. Benjamin Wey is a Wall Street expert on China and U.S. - China trade relations. He is the current President of New York Global Group ("NYGG"), one of the largest Wall Street middle market advisory firms specialized in China related transactions in the areas of corporate finance, private equity investments, China due diligence and strategic consulting. Headquartered in New York City and Beijing, NYGG has more than 80 professionals, 16 years of China transaction experience supported by a large bilingual local Chinese staff, and access to more than US$500 million of investment capital. Since 1998, NYGG has advised and participated in over 200 China-related transactions and has helped raise approximately US$2 billion for China-based, highly profitable growth companies through global capital markets. In 2006, NYGG was named "The Best Foreign Investment Banking Firm Serving China's Middle Markets" by China Securities Daily.

A bilingual Chinese American, Mr. Wey has advised many public and private institutions worldwide on deals and projects related to global capital markets and strategic development. Possessing extensive international business experience, a broad global network and in-depth cultural familiarity, Mr. Wey is a leading U.S. based advisor for companies interested in accessing the Chinese markets and for Chinese companies seeking entree to the global markets.

Mr. Benjamin Wey came to the United States as a teenager on a Valedictorian and full academic scholarship. He received a Bachelor's degree in Business Management and an MBA in Finance. Mr. Wey is a Visiting Professor of Finance at two top Chinese universities - China University of Petroleum and Shanghai University of Finance and Economics. He is a member of the Board of Directors at the Cardigan Mountain School - a leading New Hampshire based private boarding school founded in 1945. Mr. Wey is the current Executive Director of China Investment Association, an affiliated entity of China's National Development and Reform Commission (NDRC). He is also Senior Economic Advisor to several Chinese cities.

Dedicated to philanthropic efforts, in 2006, Mr. Benjamin Wey was awarded the golden key to the city of Suning in China's Hebei Province for his leadership in the establishment of an elementary school benefiting poor farm children and orphans. Mr. Wey is frequently quoted in top-tier media and is a regular speaker at various international events.

 

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