MetroCorp Bancshares Inc. (Nasdaq: MCBI) CEO George Lee has a history of investing in high-tech medical companies and wants a future in nonprofits, as I wrote in this week’s paper.

A notable item about Lee: He’s highly involved with the U.S. State Department’s 100,000 Strong Initiative, a program that has provided bridge scholarship funding for at least 10,000 American students to study abroad in China — and aims to raise at least $68 million from philanthropic private partners.

On the idea that American students should get much more exposure to China, President Barack Obama and Chinese leaders agreed in late 2009 that there’s a large imbalance between the number of Chinese students studying in America and the number of American students studying in China — 170,000 of the former, 14,000 of the latter.

The private foundation, which reports to the State Department, hasn’t launched yet, but the program will have nine directors — and Lee will be one of them, he said.

This article by reporter Collin Eaton appeared in the Houston Business Journal December 3, 2012

Read the rest of the article at bizjournals.com