The 23rd Plenary Session of the HK-US Business Council was held in Hong Kong on 21 October 2011. It was attended by 29 members and speakers from both sides representing various sectors.

At the plenary meeting, members were updated on the latest US and Chinese economic outlook and also the opportunities for collaboration under China’s 12th Five-Year Plan. In particular, Mr Barry Cheung, Chairman of Hong Kong Mercantile Exchange, and Mrs Laura Cha, Deputy Chairman of The Hongkong and Shanghai Banking Corporation, participated in the meeting as guest speakers.  Respectively, they shared their insights on the impact of rising commodity prices and inflationary trends in China and Hong Kong and Hong Kong as an offshore RMB centre. The discussion among all participants was fruitful and meaningful.