Huimin " Jenny " Zhan , CFA , is the president of Good
Hope Investment , a subsidiary of Creditease Corporation specializing in investor programs for global residence and citizenship . Before founding Good Hope in 2014 , Zhan was chief strategy officer of Ambow Education Holding Ltd . She has also served as senior consultant for several multi-national financial organizations in Asia since 2011 .
Prior to shifting focus to China , Zhan was a portfolio manager and managing director of GMO LLC , a Bostonbased global investment leader specializing in managing multi-asset class strategies . She was recognized for GMOs successful Greater China equity research and Emerging Market portfolio management from 2002 to 2011 .
What is unique about your company compared to other migration agencies ?
Good Hope is a subsidiary of CreditEase , a global leader in market place lending and one of the largest wealth management companies in China . Good Hope specializes in investor programs for residence and citizenship . We empower high net worth individuals in the Great China region to participate in the globalization via secure and compliant cross-border wealth management solutions . Good Hope presents clients with world-wide opportunities in property investment , high quality education , legal tax mitigation and assets allocation .
When and why did you decide to enter into this business ?
I joined Creditease in 2013 . With a group of like-minded partners , I co-founded Good Hope in early 2014 . As an investment professional living in U . S . for most of my career life , I was amazed by how the EB-5 program was presented by agents in China at that time . I felt the market really needed transparency , integrity and professionalism , which a quality wealth management firm should provide to safe guard the interest of our clients and the high net worth families in China . We view ourselves as an investment advisor looking for the best EB-5 solutions for our clients , not an agent marketing immigration products .
What are the biggest obstacles facing the EB-5 program ? per-person based quota system to a per-applicant based counting system , or , issuing EAD to applicants with I-526 approvals are all feasible approaches to resolve the issue .
Are you worried about the increased Chinese capital control ?
Any industry that requires capital going overseas should be concerned , but globalization of its currency is the long-term goal of the Chinese government .
Does your company offer both the regional center option and the direct investment option ?
We only offer EB-5 regional center projects right now , but we could provide direct investment projects for our clients if there is a market need for it .
What kind of projects do you usually look for and do you have the capacity to take on more projects now ?
We adopt a due diligent system commonly found in U . S . real estate investments . It evaluates EB-5 project from different aspects to mitigate counter party , systematic and non-systematic risk . Currently , only less than 5 percent of the projects can pass the evaluation and get approval from Creditease ’ s risk control committee to market at the end .
Do you market other investment immigration programs besides EB-5 ?
We also currently market U . S . EB-1A and EB-1C program and a couple European and Canadian investment immigration programs .
What are your plans for expansion of your company ?
We have followed our clients ’ demand and expand around immigrants ’ echo system , including tax planning , property investment , assets allocation , education counseling and family trust .
The long backlog of the Chinese applications is hurting the attractiveness of this program . Changing the current
EB5INVESTORS . COM 110