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The Financial Secretary, Mr John C Tsang, today (September 23, Washington time) attended the Plenary Session of the Annual Meetings of the International Monetary Fund (IMF) and World Bank (WB) in Washington as a member of the Chinese delegation.
The Annual Meetings provide a platform for the discussion of international economic and financial developments and formulation of policies to strengthen inclusive economic growth and help countries overcome poverty.
Participation in the Annual Meetings enables Hong Kong to gain a deeper understanding of the changing global economic landscape and the direction of future reforms, elements that are essential to Hong Kong's sustainable development, he said.
Earlier, Mr Tsang attended a breakfast roundtable hosted by the Senior Vice President for International Affairs at the US Chamber of Commerce, Mr Myron Brilliant, which involved an open discussion on trade co-operation.
A power lunch with the financial services industry hosted by HSBC enabled Mr Tsang to give an update on Hong Kong's latest developments, especially regarding the city's competitive edge as an offshore Renminbi centre.
In the late afternoon, Mr Tsang held a meeting with Fitch Ratings. This was followed by a dinner with the Hong Kong Chinese community in Washington.
Ends/Saturday, September 24, 2011
Issued at HKT 09:00
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