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| Director of the Hong Kong Economic & Trade Office, New York Monica Chen (front row, fourth from right) rings the closing bell at the Nasdaq Stock Market on August 3. |
Director of the Hong Kong Economic & Trade Office, New York Monica Chen rang the closing bell at the Nasdaq Stock Market on August 3 as part of the festivities to celebrate the 19th Hong Kong Dragon Boat Festival in New York.
Miss Chen noted that the festival, the largest and among the oldest in the United States, was started by the Hong Kong Economic and Trade Office in New York in 1991, and has become a fixture of New York’s summer calendar.
Speaking on Hong Kong’s status as a world financial center, Miss Chen said, “Our sound fundamentals and strong infrastructures, be in finance or other areas, have made us one of the most competitive players in the global arena.”
Miss Chen said Hong Kong’s development outlook shines bright. “Quite a few new initiatives have been put in place between the Mainland and us. We are the first place outside of the Mainland authorized to conduct business in renminbi. Designated Hong Kong banks have started issuing renminbi bonds since the beginning of this month, and there are more supplementary provisions under the Closer Economic Partnership Arrangement (CEPA), our own tariff-free pact with the Mainland.
“Hong Kong will continue to offer the best of ourselves to our partners around the world.” Miss Chen concluded.
More information on the Nasdaq Closing Bell ceremony can be accessed by visiting: http://www.nasdaq.com/reference/200908/market_close_080309.stm.
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