APEC Finance Ministers' Meeting opens in Hong Kong

The Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting opened in Hong Kong on Tuesday.

The two-day meeting will advance financial sector outcomes ahead of the 33rd APEC Economic Leaders' Meeting, scheduled for Shenzhen in November.

In his opening remarks, Chinese Finance Minister Lan Fo'an, who chairs the meeting, called upon Asia-Pacific economies to contribute to regional prosperity in the face of global uncertainties and the spillover effects of geopolitical conflicts.

To that end, he said all sides should step up macroeconomic policy dialogue, fast-track economic transformation to strengthen resilience, and maintain industrial and supply chain stability.

Chen Xu, chair of the 2026 APEC Senior Officials' Meeting, said that this APEC Finance Ministers' Meeting will help enhance the effectiveness of fiscal policies in spurring growth, ensuring the people's well-being and fostering economic transformation.

At the meeting, representatives of APEC economies will hold in-depth exchanges and work toward consensus documents and deliverables on major topics, including fiscal policies to support people's livelihoods, financing of digital infrastructure, promoting inclusive finance tailored to local conditions, and fostering exchanges and cooperation among young finance professionals across APEC.