Key facts
- Ministers acknowledged that global imbalances pose risks to economic growth and stability.
- Apec nations committed to improving communication and cooperation on global rebalancing.
- Financial Secretary Paul Chan said foreign leaders supported cross-border digital finance development.
Finance ministers from Asia-Pacific Economic Cooperation (Apec) nations agreed to enhance economic coordination during a meeting in Hong Kong. The ministers acknowledged that persistent global imbalances pose risks to economic growth and stability. In a joint statement, they recognized that global rebalancing is in their collective interest and committed to improving communication and cooperation on the matter. Financial Secretary Paul Chan said following the meeting that foreign political leaders broadly supported cross-border digital finance development and showed renewed appreciation for the city.