These things will naturally be done by the professionals of Rongbao Mining, and Yang Jing, the major shareholder, doesn't have to worry about them at all.
This small oil field in Beaumont was now being managed by professionals, so Zhao Meng and Guo Dabao had nothing to do, so they and Yang Jing returned to San Francisco together.
Back in San Francisco, not to mention Yang Jing, even Guo Dabao felt at home.
Although the number of Chinese in San Francisco is not as large as that in New York, the Chinese in San Francisco are the most united. More than 200,000 Chinese live here, and they have organized various social organizations to support each other. Someone has counted that there are more than 700 Chinese social organizations in San Francisco, which is just an approximate number. If you add in many newly established and almost nominal ones, the number is actually more than this.
Why do Chinese people organize so many associations? It's just to keep each other warm.
The humiliation and slavery that the ancestors of the Chinese people suffered after they crossed the ocean to come to the United States are unimaginable to the younger generations. Originally, the ancestors came to the United States to fight for a piece of the world to leave for their descendants, but they were treated extremely unfairly in this country that always shouts "fairness and human rights".
In order to survive, our ancestors had to stick together and form community-like organizations. For example, the Chinese Consolidated Benevolent Association, which has survived to this day and has always been the leader of overseas Chinese, was established more than 150 years ago.
The Chinese Consolidated Benevolent Association is located in San Francisco!
Zhao Meng, on the surface, is a successful mining manager, but his actual identity is another one, that is, one of the senior executives of the Chinese General Chamber of Commerce.
Therefore, there was almost nothing Zhao Meng could not do in San Francisco.
When the agreement was signed, Zhao Meng had already instructed the accountant at home to do the accounting over the phone. After he and Guo Dabao returned to San Francisco and signed their respective documents, someone immediately sent the information about Yang Jing's 30 million US dollars "investment" to the office of the US Foreign Investment Committee in San Francisco for review.
This "investment" is as high as 30 million US dollars, which has reached the minimum standard of review by the US Foreign Investment Committee. Although this is not a merger and acquisition case, the investment amount is not small, so it needs to be reviewed by this very powerful committee.
When Guo Dabao established the San Francisco branch of Rongbao Mining in San Francisco, the $150 million investment he brought also had to be reviewed by this committee.
Americans are so contradictory.
You said that other countries are looking forward to foreign investment, and the United States is the same. However, Americans welcome smaller investments. Once the investment amount is too large, these Americans become suspicious, fearing that your investment will touch upon some of their unspeakable secrets.
That’s why Americans set up such a bizarre organization called the “Committee on Foreign Investment in the United States.”
This organization was established in 1988 with the original intention of safeguarding national security. The committee is supported by a special foreign investment approval system. From an operational perspective, the US government generally considers whether to approve an investment project based on three factors: whether it involves US defense production capacity, whether it involves the sale or resale of military technology to specific countries, and whether it affects the US's technological leadership in the field of national security.
But in fact, many foreign investments will be reviewed by this committee even if they do not involve the above three aspects.
The main problem is that the organization is too complicated. A committee that monitors foreign investment actually involves eight departments of the US government, in addition to seven White House agencies.
It is precisely because the members of this committee represent different industry interests that there are differences in foreign mergers and acquisitions and investments. Generally speaking, after receiving a notice about a merger, the committee will conduct an investigation within 30 days. If the members unanimously agree that there is no security threat, the review ends here and the agreement continues to be implemented. However, even if only one member objects, the committee must conduct a formal investigation lasting 45 days, and then make recommendations to the president on whether to block the acquisition. The president will then make a decision within 15 days.
However, "investment" like Yang Jing's will definitely not affect the President of the United States. The committee's office in San Francisco can fully review whether this "investment" is acceptable.
As long as this "investment" passes the review, the company's business license can be changed, Yang Jing will become a major shareholder of Rongbao Mining's San Francisco branch, and then Yang Jing can directly apply for a green card.
Of course, these things were handled by professionals, but because Yang Jing did have an "investment" project, the money from the country was transferred over quickly, and after staying in the company's account for a few days, it was transferred to Yang Jing's personal bank card using various methods.
As for the "investment" reviewed by the Foreign Investment Committee, the investment amount was not very large, and Zhao Meng had pushed for it, so the review was passed in just three days.
On the second day after the review, Yang Jing's green card application form was also submitted to the San Francisco Immigration Bureau. With such a large investment, Yang Jing's green card application was approved very quickly. Yang Jing only spent a week in San Francisco and got his green card.
Now that Yang Jing has a green card and more than 32 million US dollars in deposits in his Citibank bank card, he decided to go abroad.
Originally, Yang Jing had three things to do when he came to the United States. The first thing was to spend some time with Gege. However, before leaving, he happened to meet Gege's uncle-in-law, and Gege was taken back home directly. She was unable to spend a wonderful trip for two with Yang Jing in the United States.
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