Yao Ming (first from right), basketball legend and chairman of Yao Foundation, speaks at a panel discussion titled "Opportunities in Emerging Consumer Markets" during the "Our Water Season III: Shanghai-New York City Dialogue" held at the Bloomberg headquarters in New York on Tuesday. [Photo by Zhao Huanxin/chinadaily.com.cn]

The Our Water Season III: Shanghai-New York City Dialogue launched in New York Bloomberg Tower on Tuesday.

Under the theme "Rivers of Opportunities", the forum brought together government representatives, business leaders, financial institutions, consumer brands and cultural figures to explore new opportunities for China-US cooperation, with a special focus on financial and consumer industry collaboration between the two cities.

Michael Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies, said Shanghai and New York share many defining characteristics as waterfront cities and global centers of commerce and culture.

Bloomberg, whose company has operated in Shanghai for more than three decades and who visited China in 2025, said exchanges between cities are more important than ever.