SOURCE: New York Global Group

September 19, 2006 08:00 ET

New York Global Group Advises China's Fast Growing City of Weihai With Business Development

New York Global Group Hosts Weihai Delegation to the U.S. Led by Its Mayors

NEW YORK, NY -- (MARKET WIRE) -- September 19, 2006 -- New York Global Group ("NYGG") hosted the Weihai Municipal Government Delegation at the NYGG Wall Street headquarters on September 15. The delegation had visited several U.S. cities prior to their trip to New York to meet with executives from NYGG. New York Global Group CEO Amit Tandon and President Benjamin Wey hosted the Weihai delegation.

NYGG and the City of Weihai agree to form a strategic alliance whereby NYGG will advise Weihai with its business development related to the international markets. Weihai is the fastest growing and wealthiest city in China's coastal Shangdong province.

With New York Global Group as its host, the Delegation of Mayors toured the American Stock Exchange (AMEX) and met with executives from the specialist firm, AIM Securities Co.

About the City of Weihai, China

Located at the eastern tip of Shandong Peninsula, Weihai is a well-known port and tourist destination in China. Weihai is one of the coastal open cities and the first national Environmental City in China, as well as one of the first national Model Cities for Environmental Protection. In the past few years, Weihai has experienced rapid development and economic growth and just recently, Weihai was named one of the top twenty "Best Investment Value Cities in China 2006" by Chinese Academy of Social Sciences.

About New York Global Group

New York Global Group (NYGG) is a full-service global investment banking and strategic consulting firm with almost a decade of experience and expertise in bridging the cultural and regulatory gaps between the U.S. and Chinese markets. In China, NYGG provides investment banking, research, due diligence and market entry related services through its Beijing subsidiary New York Global Capital Investment Consulting, Ltd. (NYGC China), which has one of the largest due diligence staff among all U.S. firms doing business in China. NYGS, a subsidiary of NYGG, provides investment banking and institutional equity research services in the U.S. In 2006, New York Global Group was named the "best foreign investment banking firm in China serving China's middle markets" by the China Securities Daily during China's 2nd Annual Securities Industry Conference. Visit NYGG at: www.nyggroup.com

Contact Information

  • Contact:
    Melissa Dixon
    212-566-0499