Treasury official visits Hong Kong in bid to deepen ties

U.S. Treasury official Brent Neiman visited Hong Kong on Thursday, the highest ranking Treasury official to visit the financial hub since 2019, as Washington aims to deepen ties with Beijing despite rising tensions.
The U.S. Department of the Treasury said on Thursday that Neiman, the department’s assistant secretary for international finance, will hold engagements in Hong Kong “building on President Biden’s direction to deepen ties between the world’s two largest economies”.
The Hong Kong government did not immediately respond to a request for comment.
Neiman’s visit comes as China’s economy slows, weighed by weak consumer and private business sentiment, high levels of debt and a property market downturn.
During his visit to the special administrative region, Neiman will speak with “diverse audiences, including government officials, policymakers, scholars, the U.S. business community and financial leaders”.
Topics will include bilateral financial and regulatory matters as well as macroeconomic and financial developments in Hong Kong and China..
Neiman will also engage students and young professionals to deepen U.S.-Hong Kong “people-to-people ties”.