LOS ANGELES, June 13, 2018 /PRNewswire/ -- Cathay Bank today
announced the release of the inaugural Cathay Bank/UCLA Anderson
Forecast U.S.-China Economic Report as part of a sponsorship
relationship with UCLA Anderson Forecast. This publication is
the first of a series of periodic reports emanating between two
entities working together to deepen the world-class university's
ties with a major Chinese American Los Angeles-based bank. This
collaboration, which includes Forecast speakers headlining
bank-sponsored economic outlook events, also enhances the bank's
ability to make available useful economic information to customers
and the general public.
"We are delighted to work with UCLA Anderson Forecast, a premier
U.S. economic analysis and forecasting organization, to provide
information that's of interest to our customers," said Pin Tai,
Cathay Bank CEO and President. "UCLA Anderson Forecast's view of
economic analysis and perspective on the current and future outlook
relating to the two largest economies in the world is of great
value."
This 2018 Annual Economic Report focuses on the complimentary
and competitive trade approaches of the U.S. and China. The report includes economic facts
relating to trade tensions and imbalances, as well as thoughts on
economic growth, induced joint ventures, and technology
transfers.
"We're pleased to apply our expert econometric modeling and
analytic techniques to provide Cathay Bank customers with our
perspective on the U.S. and Chinese economies," said Jerry Nickelsburg, director, UCLA Anderson
Forecast. "Our team is involved in a number of compelling
partnerships and projects that allow us to share our unique
expertise."
The 2018 Annual Economic Report is available for download in
English and Chinese on the Cathay Bank website at
www.cathaybank.com/us-china-economic-report or on the UCLA Anderson
Forecast website in English at
http://www.anderson.ucla.edu/centers/ucla-anderson-forecast/projects-and-partnerships/cathay-bank/2018-annual-economic-report.
A column update to this report is scheduled to release in
September, followed by the 2019 Annual Economic Report release in
December and three quarterly column updates on the last month of
each quarter.
UCLA Anderson Forecast is one of the most widely watched and
often-cited economic outlooks for California and the
United States and was unique in predicting both the
seriousness of the early 1990s downturn in California and the strength of the state's
rebound since 1993. More recently, the Forecast was credited as the
first major U.S. economic forecasting group to declare the
recession of 2001. Visit UCLA Anderson Forecast at
uclaforecast.com.
About Cathay Bank
Cathay Bank, a subsidiary of Cathay
General Bancorp (NASDAQ: CATY), offers a wide range of financial
services through nine states in the U.S. as well as a branch in
Hong Kong and representative
offices in Beijing, Shanghai, and Taipei. Founded in 1962 to support
Los Angeles' growing Chinese
American community, in the past half century the bank has expanded
and grown with its customers, providing them with the tools and
services they need to achieve their goals. Learn more
at cathaybank.com. FDIC insurance coverage is limited to
deposit accounts at Cathay Bank's U.S. domestic branch
locations.
Contact:
|
Georgiana
Choi
|
|
(626)
279-3839
|
View original content with
multimedia:http://www.prnewswire.com/news-releases/cathay-bank-teams-with-ucla-anderson-forecast-300666184.html
SOURCE Cathay Bank