Hong Kong Makes Major Push into U.S. Market
May 20, 2013
The Hong Kong Trade Development Council, along with other Hong Kong partners, is making a major push into the U.S. market – “Thing Asia, Think Hong Kong” - with two symposiums in New York and Los Angeles, June 11 and June 14, respectively.
Francisco J Sánchez, United States Under Secretary for International Trade in the Department of Commerce, and Stephen Bird, CEO, Asia Pacific, for Citigroup, are just two of the several high-profile speakers on tap for the events.
“Think Asia, Think Hong Kong” will showcase Hong Kong’s advantages for American companies looking to sell their products and services in Asia, particularly on the Chinese mainland.
Nearly 2,000 U.S. corporate leaders, government officials, heads of small and medium-sized enterprises, services providers, academics and opinion leaders with a special interest in Asia are expected to attend.
The Honourable CY Leung, CEO of the Hong Kong SAR Government, will lead a “Think Asia, Think Hong Kong” delegation of more than 140 senior business and government leaders to the U.S.
Along with Bird and Sánchez, who will speak only in New York,more than 50 high-powered players from Hong Kong, mainland China and the U.S. will speak at the event.
Some of those speakers include Ronnie C. Chan, Chairman, Hang Lung Properties Ltd; Norman TL Chan, (New York only), CEO, Hong Kong Monetary Authority; and James Thompson, Chairman and founder, Crown Worldwide Group.
Along with the New York and Los Angeles symposiums, “Think Asia, Think Hong Kong” will feature a number of thematic sessions in each city.
These will explore partnership opportunities in trade, technology and Chinese outbound investment.
In addition, a spotlight on renminbi business prospects will take place in New York while, in Los Angeles, a special focus on helping the U.S. entertainment business expansion in Asia will be offered.
In addition, five senior Hong Kong business missions, ranging from technology to fashion and fine food and wine, will visit New York, Los Angeles and other U.S. cities in June.
They will include a Hong Kong-Guangdong joint investment mission looking at opportunities in green technology and manufacturing in general.
“Think Asia, Think Hong Kong: is organized by the HKTDC, with support from 14 Hong Kong partners and more than 120 U.S. organizations.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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