Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



Financial Secretary promotes Hong Kong financial services to US banking and business sectors in New York




For more information, please contact

Melissa Ng in New York City: (212) 752 3320
Daniel McAtee in Washington, D.C.: (202) 238 6360
Wing Yan Tong in San Francisco: (415) 835 9315

 




October 16, 2019 - Hong Kong Financial Secretary, Mr Paul Chan, arrived in New York (October 16, Eastern Standard Time) to promote Hong Kong’s financial services to banking and business sectors in the US.

Mr Chan started the day with separate courtesy calls to the Permanent Representative of the People's Republic of China (PRC) to the United Nations, Mr Zhang Jun, and the Acting Consul General of the PRC in New York, Mr Wang Lei. He briefed them on the latest situation of Hong Kong, and expressed his thanks for the support of the Central People's Government to the development of Hong Kong.

He said that during his brief stay in New York, he would meet with US financial and banking sector leaders to update them on Hong Kong’s latest situation and promote Hong Kong's unchanging role as an international financial centre, and as a connector to opportunities related to the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr Chan then met with the President of the Federal Reserve Bank of New York, Mr John Williams, and discussed various subjects, including the US and global economic outlook and interest rate benchmark reform, etc.

In the evening, Mr Chan had dinner with key players of the US business and banking sectors as well as the senior management of academic institutes and non-profit organizations that promote US-China bilateral relations.

He stressed that Hong Kong remains an international financial center and an ideal place to do business, and that the Government of the Hong Kong Special Administrative Region remains committed to upholding the "one country, two systems" principle and the Basic Law. Hong Kong's social incidents over recent months have not affected the city's core competitiveness, and the wide range of programs and initiatives announced in the Policy Address yesterday that focus on healing and helping will support Hong Kong as it continues to move forward.

He encouraged US companies to make good use of Hong Kong’s strengths to expand their businesses in the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development.

Mr Chan will depart for Washington, DC, on October 17, to attend the Annual Meetings of the International Monetary Fund and the World Bank Group, which will be held on October 18.


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