China says APEC finance ministers agree to boost policy coordination
Finance ministers from Asia-Pacific Economic Cooperation (APEC) member economies agreed during a meeting in Hong Kong to strengthen macroeconomic policy coordination, promote digital infrastructure financing, and advance inclusive finance initiatives. Chinese Finance Minister Lan Foan highlighted the consensus reached on addressing external economic risks and accelerating regional digital transformation.
Why it matters
Enhanced financial cooperation among APEC economies helps stabilize regional growth and addresses cross-border economic challenges.
Chinese Finance Minister Lan Foan speaks at a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China March 6, 2026. REUTERS/Maxim Shemetov
HONG KONG: Finance ministers from member economies in the Asia-Pacific Economic Cooperation (APEC) forum have agreed to strengthen macroeconomic policy communication and coordination to address external risks and challenges, Chinese Minister of Finance Lan Foan said on Wednesday (Oct 21).
At the conclusion of the ministers' meeting in Hong Kong, they also reached a consensus on promoting practical cooperation in the financial sector, which focused on supporting people's livelihoods, digital infrastructure financing and locally adapted measures for inclusive finance development, Lan said at a briefing.
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