Financial Secretary John Tsang began his three-city US visit yesterday by promoting Hong Kong’s business advantages in Los Angeles.
He first met the city's Deputy Mayor for Economic Development Raymond Chan. They agreed to further strengthen mutual economic and trade tides.
Mr Tsang encouraged local enterprises to make good use of Hong Kong's business and people network in tapping the massive Mainland market.
He also called on Chinese Consul-General in Los Angeles Liu Jian to brief him on the latest economic and social situation in Hong Kong.
Mr Tsang then delivered a keynote speech at a business luncheon. He said the favourable business environment of Hong Kong, built on a fair and open market, the rule of law and an independent judiciary, 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 worldwide.
"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 said Hong Kong can work with US enterprises, investors and professionals in seizing these opportunities.
Mr Tsang visited the RAND Corporation, a leading think tank, and shared with 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 & Road Initiative.
He will attend the International Monetary Fund and World Bank Group Annual Meetings tomorrow in Washington, DC.
