FS attends Annual Meetings of IMF and WB in Washington, DC (with photos)

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     The Financial Secretary, Mr John C Tsang, attended the Plenary Session of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WB) in Washington, DC, the United States (US), as a member of the Chinese delegation this morning (October 7, Washington, DC, time).

     The Annual Meetings bring together finance ministers, leaders of central banks as well as senior management of banks and financial institutions from around the world to discuss issues related to the global economic and financial development.

     After attending the Annual Meetings, Mr Tsang had a meeting with the founder and former President of the Heritage Foundation, Dr Edwin Feulner. Also joining the meeting were the Vice President of the Institute for Economic Freedom and Opportunity, Mr Jack Spencer; and the Institute’s Director of the Center for Data Analysis and the Center for Trade and Economics, Mr Terry Miller.

     Mr Tsang thanked the Heritage Foundation for naming Hong Kong the world’s freest economy for twenty two years in a row. He reiterated that Hong Kong is committed to the free market principles, which are the cornerstone of the city’s sustained economic growth, stability and prosperity.

     Mr Tsang took the opportunity to meet other participants of the IMF and WB Annual Meetings, to exchange views on global economic outlook and matters of mutual concern. He first met with the Global Head of Institutional Client Business and Co-Head of BlackRock Alternative Investors, Mr Mark McCombe, and the Head of the Multi-Asset Strategies Group, Mr Richard Kushel. BlackRock is one of the world’s largest asset management companies. This was followed by separate meetings with the Director of the Asia and Pacific Department of the IMF, Mr Changyong Rhee, as well as the Vice-President of the European Commission in charge of financial stability, Mr Valdis Dombrovskis.

     Mr Tsang also paid a courtesy call on the Ambassador of the People’s Republic of China to the United States, Mr Cui Tiankai.

     Tomorrow (October 8, Washington, DC, time), Mr Tsang will continue his visit in Washington, DC to meet with leaders of the financial sector.

Ends/Saturday, October 8, 2016
Issued at HKT 8:01

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The Financial Secretary, Mr John C Tsang, attends the International Monetary Fund and World Bank Group annual meetings in Washington, DC, today (October 7, Washington, DC, time).

The Financial Secretary, Mr John C Tsang (right), meets with the founder and former President of the Heritage Foundation, Dr Edwin Feulner (left), in Washington, DC, today (October 7, Washington, DC, time).

The Financial Secretary, Mr John C Tsang (second left), meets with the Global Head of Institutional Client Business and Co-Head of BlackRock Alternative Investors, Mr Mark McCombe (first right), in Washington, DC, today (October 7, Washington, DC, time).

The Financial Secretary, Mr John C Tsang (second left), meets with the Vice-President of the European Commission in charge of financial stability, Mr Valdis Dombrovskis (third right), in Washington, DC, today (October 7, Washington, DC, time).

The Financial Secretary, Mr John C Tsang (left), pays a courtesy call on the Ambassador of the People’s Republic of China to the United States, Mr Cui Tiankai (right), in Washington, DC, today (October 7, Washington, DC, time).