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business & economy
Financial Secretary meets with economic leaders in NYC

Financial Secretary John C. Tsang introduces the latest economic and financial developments in Hong Kong at the Asia Society seminar in New York.

Financial Secretary John C. Tsang visits the New York Genome Center, a leading institute in genomic and biomedical research.

Financial Secretary John C. Tsang (left) meets with Under-Secretary-General for Economic and Social Affairs of the United Nations Wu Hongbo.

Financial Secretary John C. Tsang (left) calls on Chinese Consul General to New York Zhang Qiyue.

Hong Kong Financial Secretary John C. Tsang expressed confidence in the Hong Kong economy amid uncertain global trade environments, as well as mainland China’s economic reform, which will unleash fresh growth potential, benefiting Hong Kong’s long-term development.

Speaking at the October 5 Asia Society forum in New York City, Mr. Tsang said the robust economic basics, resilient financial system and superb business environment of Hong Kong will help the city weather the ups and downs. He also struck an upbeat note on the Mainland’s continuing economic reform, saying that it would result in a more balanced and sustainable economy, which will in turn benefit Hong Kong’s growth.

Mr. Tsang also introduced the latest economic and financial developments in Hong Kong, in particular the city’s advantages as the premier asset-management center in the Asian region and the world’s pre-eminent offshore renminbi center.

Mr. Tsang was in New York ahead of the October 9 annual meetings of the International Monetary Fund and the World Bank Group in Lima, Peru, which he attended as a member of the Chinese delegation.

While in New York, the Financial Secretary also met with leaders of the financial sector and discussed global economic outlook. They included President William Dudley of the Federal Reserve Bank of New York and CEO of New York Stock Exchange Thomas Farley.

Mr. Tsang also paid courtesy calls on Under-Secretary-General for Economic and Social Affairs of the United Nations Ambassador Wu Hongbo and Chinese Consul General to New York Ambassador Zhang Qiyue.

The Financial Secretary also visited the New York Genome Center, a leading institute in genomic and biomedical research that also provides incubation programs for biotech startups.

Before returning to Hong Kong, Mr. Tsang flew back to New York to attend a reception, hosted by Hong Kong Economic and Trade Office in New York, at the Museum of Chinese in America (MOCA) on October 12. At the gathering, Mr. Tsang spoke of his fond memories of growing up and studying in the Chinatown neighborhood.

The attendees were mainly members of alumni associations from several universities and secondary schools in Hong Kong, students who are studying at Columbia University and New York University on Hong Kong government scholarships, and MOCA trustee board and guests.

Financial Secretary John C. Tsang (second from right) meets with President of the Federal Reserve Bank of New York William Dudley (second from left) in New York. They discussed U.S. monetary policy, as well as the economic outlook of major and emerging markets.

Financial Secretary John C. Tsang (far right) attends a meeting with CEO of the New York Stock Exchange Thomas Farley (second from left).

Financial Secretary John C. Tsang (left) meets with U.S. Federal Reserve Chair Janet Yellen on the sidelines of the World Bank/IMF meetings. Issues discussed included the impact of U.S. monetary policy on major and emerging economies and the global economic outlook.

Financial Secretary John C. Tsang (far right) meets with U.S. Treasury Secretary Jacob Lew (second from left) in Washington, D.C., on October 7 to discuss issues of mutual concern, including global economic performance, as well as the economic and financial situation in Hong Kong.

Financial Secretary John C. Tsang (center) attends a reception at the Museum of Chinese in America (MOCA). Also pictured are (from left): President of the MOCA Nancy Yao Maasbach, Director of HKETONY Steve Barclay, Co-Chair of MOCA's Board of Trustees Ted Wang, and Hong Kong Commissioner for Economic and Trade Affairs, USA, Clement Leung.

Financial Secretary John C. Tsang spoke of his fond memories of growing up and studying in the Chinatown neighborhood of Manhattan at the reception.


 


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