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FS visits New York (with photos)

     The Financial Secretary, Mr John C Tsang, today (October 9, New York time) had a busy schedule of meetings in New York.

     Mr Tsang started the day by meeting with the President of the Federal Reserve Bank of New York, Mr William Dudley, and the Executive Vice President, Mr Terrence Checki. The Federal Reserve Bank of New York is one of the 12 regional Reserve Banks that make up the Federal Reserve System in the United States.  

     The next stop was the New York Stock Exchange (NYSE), where Mr Tsang had a short tour of the trading floor and met with the Chief Executive Officer of NYSE Euronext, Mr Duncan Niederaurer.

     Mr Tsang then held a meeting with the Chairman and Chief Executive Officer of JP Morgan Chase, Mr Jamie Dimon.

     At a luncheon co-organised by the Institute for New Economic Thinking, the Hong Kong Association of New York and the Hong Kong Economic and Trade Office, New York, Mr Tsang updated the US business community on the latest developments in Hong Kong, in particular the rapid development of offshore Renminbi business.

     "New developments this year include the Central Government's expansion in March of the Renminbi Qualified Foreign Institutional Investor Scheme and the launch in June of the CNH Hong Kong Interbank Offered Rate fixing. Both initiatives help increase the range and quantity of offshore Renminbi business in Hong Kong," he added.

     A meeting with the Chief Executive Officer of Bloomberg LP, Mr Daniel Doctoroff, was held in the afternoon.

     Mr Tsang then called on the Permanent Representative of the People's Republic of China to the United Nations, Ambassador Liu Jieyi.

     Before concluding the day, Mr Tsang officiated at the Hong Kong Reception at the "Practical Utopias: Global Urbanism in Hong Kong, Seoul, Shanghai, Singapore and Tokyo" exhibition to celebrate Hong Kong's architecture and urbanisation.

     The exhibition at the Center for Architecture through to January 18, 2014, was organised by the American Institute of Architects New York Chapter with support from the Hong Kong Economic and Trade Office, New York. The exhibition showcases influential projects such as the International Finance Centre and International Commerce Centre mixed-use developments, transportation hubs such as the Hong Kong International Airport, the Kai Tak Cruise Terminal and the Express Rail Link West Kowloon Terminus, and major cultural projects such as the West Kowloon Cultural District. More than 100 guests from the architectural, design and business sectors attended the reception.

     Tomorrow (October 10, New York time), Mr Tsang will head for Washington, DC.

Ends/Thursday, October 10, 2013
Issued at HKT 11:36


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