Mr. Howard Li Hosts Round Table Conference on Minority Business Development

December 18, 2010


[Reported by Xiaojiang Fan from Mingpao Newspaper] The chairman of Waitex Group, Mr. Howard Li, hosted a round-table conference to discuss the issues on future growth of minority business enterprises. David Hinson, National Director of the U.S. Department of Commerceís Minority Business Development Agency, was invited to this conference.


Mr. Howard Li stated that the survival and development of minority business enterprises within the United States will need support, resources and services provided by the U.S. government.


Mr. Hinson stated that the 5.8 million companies owned by minority ethnic entrepreneurs have untapped potential, which is beneficial to American economy. The National Advisory Council of Minority Business Enterprises, directly under the U.S. Department of Commerce, has the opportunity to draw up future policies and plans, laying foundation for the future growth of Minority Business Enterprises in the United States.


Mrs. Chiling Tong, a newly appointed member of this Council, was also present at the discussion. It is necessary to provide assistance to the minor enterprises operated by minority ethnic entrepreneurs, she said. It is expected to increase the production of products of these companies through the use of technology as well. In addition, the Council will be committed to facilitate training projects on general management and usage of financial affairs in minority business enterprises.


As a representative of Asian descendants, Mrs. Tong also indicated her desire of building a bridge between Asian descendentsí companies and the U.S. government. She will introduce minority businesses to specific areas that are most desirable by the government, most promising and profitable in the future.


The picture is the members present at the round-table discussion, on the issue about future growth of minority business enterprises.


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