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FS starts two-day visit to Los Angeles (with photos)

     The Financial Secretary, Mr John C Tsang, started his two-day visit to Los Angeles today (November 7, Los Angeles time).

     In the morning, Mr Tsang had a meeting with the Chief Executive Officer and Co-Chief Investment Officer of Pacific Investment Management Company, Dr Mohamed El-Erian. They exchanged views on the US and global financial markets.

     This was followed by a luncheon at which Mr Tsang shared with the business community Hong Kong's role as a global financial hub and an offshore Renminbi centre. He encouraged US firms to make the most of these advantages by establishing a presence in Hong Kong.

     In the afternoon, Mr Tsang called on the Mayor of Los Angeles, Mr Antonio Villaraigosa, and held a meeting with senior executives of the Walt Disney Company.

     In the evening, Mr Tsang addressed a reception on the theme entitled "Unlimited Appeal - Asia's World City: Hong Kong", organised by the Hong Kong Tourism Board. He then attended a dinner hosted by Committee of 100 members, sharing with American Chinese Hong Kong's latest developments and encouraging them to seize new development opportunities in both Hong Kong and the Mainland.

     Tomorrow, Mr Tsang will attend a luncheon hosted by the Pacific Council on International Policy and will visit Warner Bros Studios before winding up his visit to Los Angeles.

     His next stop will be Honolulu, where he will attend the Asia-Pacific Economic Cooperation Finance Ministers' Meeting on November 9 and 10.

Ends/Tuesday, November 8, 2011
Issued at HKT 11:30


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