Friday, September 23, 2011

John Tsang Does New York

After visiting the City of London (and threatening to repatriate HSBC and Standard Chartered, no less), and a pit stop in Edinburgh, Hong Kong Financial Secretary John Tsang landed in the US this week. Tuesday, he met with Blackstone co-founder Stephen Schwarzman, and Wednesday with FRBNY president William Dudley. According to a prior press release, he was to have met with officials at NYSE Euronext. Next up: Chicago, where he will visit the CME, among other places.


Hong Kong (HKSAR) - The Financial Secretary, Mr John C Tsang, had a busy schedule lined up for the first leg of his visit to the United States in New York today (September 21, New York time).

First, at a breakfast roundtable with American Chinese business leaders and professionals, Mr Tsang gave an update on the latest developments in Hong Kong and enjoyed an open discussion on Hong Kong's unique role as the premier gateway to Mainland China.He called on the business community to grasp the opportunities in Hong Kong.

This was followed by an courtesy call on Consul General of the People's Republic of China in New York, Mr Sun Guoxiang.

He then attended a lunch hosted by the Federal Reserve Bank of New York (New York Fed), Mr William C Dudley.Mr Tsang shared with the bankers Hong Kong's development as China's global financial centre and as the offshore centre for Renminbi business, which is supported by the Central Government's national development blueprint, the 12th Five Year Plan.

In the afternoon Mr Tsang visited the Metropolitan Museum of Art, where he was given a guided tour of an exhibition titled "The Art of Dissent in 17th Century China: Masterpieces of Ming Loyalist Art from the Chih Lo Lou Collection", which is being held in collaboration with the Hong Kong Museum of Art.

Yesterday (September 20, New York time), Mr Tsang held a meeting with the Chairman, Chief Executive Officer and Co-founder of Blackstone, Mr Stephen A Schwarzman.

The New York visit runs from September 19 to 22.Mr Tsang, who is also visiting Washington and Chicago from September 22 to 27, seeks to forge stronger trade ties between Hong Kong and the United States.During the visit he will meet prominent figures from the political, financial and business sectors to discuss the global economy, provide an update on the latest situation in Hong Kong and promote the many unique advantages Hong Kong offers to entrepreneurs.

He will return to Hong Kong on September 28.

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