Honorable Mentions: Recent Awards to C100 Members—Dominic Ng, Treasures of Los Angeles Award

Dominic Ng with the Honorable Jan Perry, Los Angeles City Council President Pro Tempore.

Dominic Ng received the Treasures of Los Angeles Award from the Central City Association (CCA) on April 28. The awards luncheon at the Westin Bonaventure was attended by over 1,200 business, political and community leaders.  CCA plays a key role in L.A. by bringing together business, government, cultural institutions and citizens to build a better economy and quality of life.  Ng was honored for his outstanding business, philanthropic and cultural contributions to the region.

As Chairman and CEO of East West Bank, Ng was described by CCA as “Banker Extraordinaire” and lauded for his multi-faceted contributions to the revitalization of Los Angeles. These include his leadership as a member of the California Commission for Jobs and Economic Growth, financing of numerous downtown renaissance projects, raising record funds for United Way of Greater Los Angeles, bringing a world class collection of contemporary Chinese art to the Museum of Contemporary Art, and spearheading the development of Liu Fang Yuan, the Chinese garden at The Huntington in San Marino, California.

In other news, on March 11, Ng gave a major address at the Asia Society in Hong Kong on why Chinese companies should invest in the U.S. Ng believes that “direct investment in the U.S. is not just about profit opportunities, but about doing real good.  Because the more China can invest in the U.S., the more jobs are created there, the stronger the American economy will be, and the more likely it is that the U.S. and China will work closely with each other.” He spoke about goodwill that results when American jobs are saved or created, citing such recent deals as a new Suntech Solar plant in Arizona employing several hundred workers and Shenzhen New World’s purchase of two Los Angeles hotels that retained more than 400 union jobs.