October 10, 2013

Financial Secretary John Tsang met New York Federal Reserve Bank President William Dudley and its Executive Vice President Terrence Checki on his visit to New York.
 
At  the New York Stock Exchange, Mr Tsang toured the trading floor and met with NYSE Euronext CEO Duncan Niederaurer. He also had a meeting with JP Morgan Chase Chairman and CEO Jamie Dimon.
 
At a luncheon co-organised by the Institute for New Economic Thinking, the Hong Kong Association of New York and Hong Kong’s Economic & Trade Office in New York, Mr Tsang updated the US business community on the rapid development of offshore renminbi business in Hong Kong.
 
"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 said.
 
Mr Tsang met Bloomberg CEO Daniel Doctoroff and called on  China’s Permanent Representative to the United Nations Ambassador Liu Jieyi.
 
He officiated at a reception at the "Practical Utopias: Global Urbanism in Hong Kong, Seoul, Shanghai, Singapore & Tokyo" exhibition to celebrate Hong Kong's architecture and urbanisation.
 
The exhibition is at the Centre for Architecture until January 18, and was organised by the American Institute of Architects New York Chapter with support from the Hong Kong Economic & Trade Office in New York.
 
Mr Tsang will continue his US visit in Washington, DC.