CHINESE CULTURAL FOUNDATION Sharing Chinese Culture with the World    CHINA-US BUSINESS FORUM February 14-15, 2006 The Great Hall of the People Beijing, China The China-US Business Forum was organized by the China General Chamber of Commerce, USA, the People's Daily and the Ministry of Commerce, PRC China. It was co-sponsored by the Chinese Cultural Foundation. More than 400 distinguished international investment bankers, Chinese government officials and business leaders participated this important two day event. The Chinese Cultural Foundation hosted a special panel at the China-US Business Forum, for a discussion with leading business entrepreneurs of the importance of culture in business development and social understanding. The Chinese Cultural Foundation has been asked on many occasions to provide this more human element to conferences including the World Economic Forum, China Business Summit in 2004. H.E. Cheng Siwei, Vice Chairman of the Standing Committee of National People's Congress, PRC China, greeting members of the Chinese Cultural Foundation delegation. From right: John W. Allen, Lauretta J. Bruno and Robert Blohm during the reception at the Great Hall of the People. H.E. Chen Jinhua, Former Vice Chairman of National People's Political Consultative Conference, President of China Enterprise Confederation greeting with Elizabeth B. Wang, President of the Chinese Cultural Foundation at the Great Hall of the People. Professor Robert A. Mundell, Nobel Laureate in Economics, "Father of Euro" and "Friend of RMB" delivered a keynote speech on Flotation of RMB Exchange Rate and China-US Business Relations. Zhang Liyong (right), Chairman, China General Chamber of Commerce in USA speaking at the Opening Ceremony of the China-US Business Forum at the Great Hall of the People. Ambassador Zhang Wei Chao, Former Vice Minister, Office of Overseas Chinese Affairs of the State Council, Former Consul General in New York, Chairman of the Chinese Language Education Foundation, PRC China and Special Advisor of the Chinese Cultural Foundation. He shared his strong belief and support to the mission of the Chinese Cultural Foundation and to the importance of art and culture in business and in social development. Elizabeth B. Wang, President of the Chinese Cultural Foundation co-hosted a special Panel with He Weiwen, Secretary General of China-US Business Forum on "China in the Eyes of International Investment Bankers - Investment Environment and Culture". Robert Blohm, Lauretta Bruno, Harry Edelson, Harlan Sugerman and Li Daxi, Chairman of the Chinese Association for Science & Business joined the Panel discussion. Front row left: Lauretta J. Bruno, Founder of Gramercy Partners LLC; John W. Allen, Chairman of Greater China Corporation and Trustee of the Chinese Cultural Foundation; Dr. Charles M. Martin, President of the American Chamber of Commerce, China. Second row left: Sherwood D. Goldberg, Former Aid to the Secretary of the Army, USA; Zhang Liyong, President, China General Chamber of Commerce, USA and He Weiwen, Secretary General of China-US Business Forum. Harry Edelson, Chairman of Edelson Technology Partners and Advisor of the Chinese Cultural Foundation speaking on "Cross-Border M&A: International Operation of Chinese Companies and U.S. Policy Options" at the US-China Business Forum. Mr. Edelson is a leading global venture capital investor with great success in China. Second from left: He Congguan, Vice President, People's Daily, Harlan Sugerman, President of Strategic Marketing & Communications, John W. Allen, Chairman of Great China Corporation and Trustee of the Chinese Cultural Foundation at the Great Hall of the People. From left: Eliot R. Clauss, Partner, Clauss Sabatini and Director of China Investment Group, Harlan Sugerman, Elizabeth B. Wang and John W. Allen in the Beijing Hotel lobby celebrating the success of the China-US Business Forum.