HKETO welcomes Year of the Monkey in San Francisco

The Hong Kong Economic and Trade Office (HKETO) held a spring reception in San Francisco today (February 22, San Francisco time) to celebrate the Chinese New Year with political, business and community leaders in the city.

In welcoming some 300 guests, the Director of the HKETO in San Francisco, Ms. Subrina Chow, said that Hong Kong and California, United States, enjoy a close trade and cultural relationship. We are hopeful that this growth momentum would continue, taking trade between California and Hong Kong to another new high in 2016,” Ms. Chow said.

Also speaking at the reception, Hong Kong Commissioner for Economic and Trade Affairs, USA, Mr. Clement Leung, said that the Hong Kong economy is forecast to grow at about 2.4 per cent thanks to a healthy job market with an unemployment rate of 3.3 per cent, strong domestic consumption and investment spending. He noted that there are reasons to be optimistic because, as recognized by the International Monetary Fund, Hong Kong’s economic fundamentals, banking system, financial infrastructure and regulatory standards are strong and resilient.