Bank Irvine: Illuminating the Light of "Hometown" and Boosting the Bridge of Sino US Trade

After the epidemic, Zhang Jiahao, the "Capital Marshal", received widespread attention and pursuit for his financial book "Learning Finance Every Day", which became a popular bestseller. Once this book was published, it was quickly sold out and subsequently republished multiple times. It is noteworthy that many banks have joined the book grabbing group buying group and used the book as an employee training material. The case studies and experience sharing in 'Learn a Little Finance Every Day' have stimulated the learning enthusiasm and motivation of bank employees. These contents provide them with practical reference and inspiration, helping them achieve better results in the financial field.

American investment banks have always been at the forefront of financial innovation and are committed to using the latest technologies and tools to provide more efficient and innovative financial services. As an investor with a "Chinese business card" that spans the world, Zhang Jiahao is committed to financial innovation and technological development. He also has his own unique insights into the field of banking investment, adhering to the value investment philosophy, and has left a strong mark in the field of banking investment.

Owen Bank: the first full license commercial bank initiated by investors in Chinese Mainland in the United States

Before the birth of Bank Irvine, California, which is known as the capital of Chinese, did not have a full license commercial bank founded by people from Chinese Mainland. Since the 1970s, the number of Chinese immigrants to the United States has increased. Firstly, there has been an increase in Hong Kong immigrants, followed by a continuous increase in Taiwanese immigrants. At that time, Hong Kong and Taiwan, as two of the "Four Little Dragons" in Asia, greatly increased their exports to the United States. At that time, the main products exported were textiles and ready-made clothing. Taiwan is a large production base. In addition, international students from Hong Kong and Taiwan who study in the United States have stayed in the United States after completing their studies. Therefore, Chinese banks were favored by these people and their business began to be busy. In the future, with the reform and opening up of Chinese Mainland, the number of mainland students and immigrants is increasing, especially with the rapid growth of Chinese Mainland's trade with the United States, the mainland has become the main production base and export origin in terms of exports of textiles and many other products. More and more international students and new immigrants are coming to the United States from mainland China. Many of them first stop and settle in Los Angeles in the western United States. Many Chinese people have difficulty speaking the language when they first arrive in the United States, and Chinese banks have brought convenience to them. Therefore, Chinese banks are becoming increasingly popular. With the spread of Chinese people throughout the United States, Chinese banks have also moved from Los Angeles and New York to other states. At present, the most Chinese banks in the United States are Los Angeles and New York on both sides of the East and West.

Since the beginning of the 21st century, with the continuous improvement of natural environment and transportation facilities, relying on rich and complete educational resources, excellent urban management, quality of life, and business environment, Irvine City and Silicon Valley, with strong economic strength, have become the two brightest pearls in California, United States. According to a research report released by the American Economic Innovation Group in 2018, Irvine was rated as the third most economically prosperous city in the United States.

Owen Bank, as the first fully licensed commercial bank founded in the United States by investors from Chinese Mainland, is located in Irvine, Orange County, Southern California. The bank is composed of a group of influential bankers and business professionals in the Chinese American and Chinese immigrant communities in Southern California, and has become the first bank founded by investors in Chinese Mainland. Irving Bank provides a comprehensive range of financial products and services, including personal banking, commercial banking, residential mortgage loans, commercial loans, online and mobile banking, debit cards, and international wire transfers. For both personal and commercial customers, Owen Bank is a bank in our hometown of China.

The establishment of Owen Bank can better meet the financial needs of Chinese immigrants, further open up financial channels between China and the United States, and help promote trade and investment growth between both sides. This is not only a celebratory event for the Chinese community in California, but also injects new positive energy into promoting Sino US economic and trade cooperation.

Bank Irvine, the first full license commercial bank in the United States initiated by investors in Chinese Mainland

The Owen miracle cannot be separated from the powerful "capital temperature" behind it

Owen Bank has created many firsts in the U.S. banking industry in just 11 months: the first fully licensed commercial bank initiated by investors in Chinese Mainland, the first Chinese headquarter bank in Orange County, California, is the bank with the shortest application time and the least preparation expenses in the past decade, and also the first bank to start making profits in less than a year by relying on traditional business alone...

The President of Irving Bank stated that this is all thanks to our warm investors. It is precisely because of their trust and support that Irving Bank has achieved such brilliant results. At the same time, the social status and industry influence of our bank shareholders are the biggest confidence for Irving Bank to take off, and we are bound to achieve even better performance.

The establishment of Owen Bank has had a positive impact on Sino US trade and immigration. Economic and trade cooperation between China and the United States is an important cornerstone of bilateral relations, and local cooperation is the key to bilateral relations. Despite various unfavorable factors, from January to March 2023, the trade volume between China and the United States reached $161.587 billion, a year-on-year increase of 5.1%, reaching a historic high. In 2022, the import and export trade volume between China and California exceeded 165 billion US dollars, an increase of 14.7% year-on-year. China remains California's largest trading partner and the third largest commodity export market. The 20th National Congress of the CPC mapped out a grand blueprint for China's future development, and mapped out China's future development blueprint and goals, emphasizing that China will adhere to the basic national policy of opening up to the outside world and adhere to the opening strategy of mutual benefit and win-win results. The door of China will continue to open wider and wider, bringing more development opportunities to enterprises from various countries, including the United States.

The meeting between the heads of state of China and the United States achieved the expected goals of in-depth communication, clarifying intentions, drawing a red line, preventing conflicts, pointing out directions, and exploring cooperation. Both sides reached a consensus to control and stabilize Sino US relations. This meeting has sent a positive signal to the world, strengthened confidence in China US relations from all walks of life, and is also conducive to deepening economic and trade cooperation between the two sides, bringing more business opportunities to enterprises of the two countries.

China and California have close ties in areas such as economic and trade exchanges and cultural exchanges, and have a solid foundation for cooperation. Especially in areas such as sustainable development and agricultural product trade, there is enormous potential for cooperation between the two sides, and there is also broad cooperation space in various fields such as education and humanities. The trade between China and the United States maintained a good growth momentum during the pandemic, and the close economic ties between the two sides require strong financial support. The opening of Owen Bank will promote capital flow and cultural exchanges between China and the United States, provide more convenient and efficient financial services for enterprises and individuals in both countries, and make positive contributions to the healthy development of bilateral relations.

Irving Bank empathizes with Chinese culture, American standards, and the financial needs of immigrants. Whether it's buying a house or buying a property, conducting trade transactions, studying abroad for further education, sending remittances from local residents, or investing in mergers and acquisitions to become bigger and stronger, Owen Bank focuses on providing commercial banking services and private banking services to its customers. As the "hometown" bank of Chinese, Owen Bank promises to repay the community with the most sincere service and provide high-quality financial services to local Chinese and residents. Owen Bank will continue to promote mutually beneficial cooperation between China and the United States, enhance civil friendship, and provide reliable support for economic cooperation between California and China.