FS promotes HK advantages in business and trade in Los Angeles (with photos)

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     The Financial Secretary, Mr John C Tsang, today (October 5, Los Angeles time) began his three-city visit in the United States.

     Mr Tsang started the day by meeting the Deputy Mayor for Economic Development of Los Angeles, Mr Raymond Chan. Both sides agreed to further strengthen mutual economic and trade tides. Mr Tsang encouraged enterprises in Los Angeles to make good use of Hong Kong's business and people network in tapping the massive Mainland market. He then called on the Consul-General of the People's Republic of China in Los Angeles, Mr Liu Jian, to update him on the latest economic and social situation of Hong Kong.

     Mr Tsang then delivered a keynote speech at a business luncheon organised by the Hong Kong Economic and Trade Office, San Francisco; the Hong Kong Trade Development Council; the Hong Kong Association of Southern California; and the Hong Kong Schools Alumni Federation. Mr Tsang said that Hong Kong and the US have enjoyed long-standing trade ties and the US has been a key trading partner of Hong Kong. The favourable business environment of Hong Kong, built on a fair and open market, the rule of law and an independent judiciary and a simple tax regime with low tax rates, as well as the free flow of information, capital and talent, has been attracting businesses and investors from around the world to Hong Kong.

     "As China's international financial and professional service centre, the continued transformation of the Mainland into a service-led economy will bring resounding opportunity for Hong Kong's businesses", he said.

     He pointed out that Hong Kong can work with American enterprises, investors and professionals in seizing these opportunities.

     In the afternoon, Mr Tsang visited the RAND Corporation, a leading think tank, and shared with the researchers the operation of economic and financial systems of Hong Kong, as well as the city's unique role in the development of the Mainland's economy and the Belt and Road Initiative.

     Tomorrow (October 6, Los Angeles time), Mr Tsang will fly to Washington, DC, where he will attend the International Monetary Fund and World Bank Group Annual Meetings and meet with prominent figures from the financial sector. He will stay there until Saturday (October 8, Washington, DC, time) and then visit New York.

Ends/Thursday, October 6, 2016
Issued at HKT 11:01

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The Financial Secretary, Mr John C Tsang (second right), today (October 5, Los Angeles time) meets with the Deputy Mayor for Economic Development of Los Angeles, Mr Raymond Chan (first left) in Los Angeles, the United States.

The Financial Secretary, Mr John C Tsang (left), today (October 5, Los Angeles time) calls on the Consul-General of the People's Republic of China in Los Angeles, Mr Liu Jian (right), in Los Angeles, the United States.

The Financial Secretary, Mr John C Tsang (right), today (October 5, Los Angeles time) visited the RAND Corporation, a leading think tank, in the United States. Photo shows Mr Tsang with the director of the RAND Center for Asia Pacific Policy, Mr Rafiq Dossani (left).