IS
CHINA’S
EB-5
MARKET
SLOWING
DOWN?
OPINION
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By Connor Chen
Recently, USCIS released the EB-5
petition data from the second
quarter of the U.S. government’s
2016 fiscal year (January to March
2016). The second quarter of
2016 saw a deep drop in EB-5
applications, with only 848 I-526
petitions submitted. This is down
from more than 6,000 per quarter in
recent years.
Nearly every regional center official
I meet asks, “Is the Chinese EB-5
market slowing down? Does the
visa backlog issue make potential
Chinese investors hesitate to go with
EB-5?”
These are difficult questions
to answer, since it is difficult to
determine how significant the visa
backlog issue will be in the long-run.
But the Chinese EB-5 market is not
slowing down; in my opinion, it’s
merely resting.
Factors that I Feel are
Influencing the Drop in
Chinese I-526 Petitions
There may be three reasons why
we have seen a deep drop in the
number of petitions:
1. The Sept. 30/ Dec. 11 Deadline
Many people rushed to submit their
applications before September
30, 2015, and then even more
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EB5 INVESTORS
TOMAGAZINE
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Connor Chen, who operates the
applicants sought to file in time for
WeChat channel EB5Sir, worked in
the December 11, 2015 extension.
the technology and overseas trading
How frenzied was this period of
industries for a decade before
time? We can tell from the EB-5
transitioning into EB-5 in 2011. Chen
petition numbers over the last few
previously worked for a regional
quarters of 2015.
center in Washington and the Law
Offices of Vaughan de Kirby. He has
There is a joke around here about
a bachelor’s degree in engineering
how to understand the current
and an M.B.A.
situation with I-526 petitions. In
WWW.EB5INVESTORS.COM
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