The 33rd Asia-Pacific Economic Cooperation Finance Ministerial Meeting kicked off its second day on Wednesday; Minister of Finance Lan Fo’an is expected to deliver the meeting’s closing remarks. A press conference is also due to take place concerning the results of the meeting.

This is the third time that China has hosted the APEC Finance Ministerial Meeting since 2001 while it is the first time for the Hong Kong Special Administrative Region to host the meeting.

The 33rd APEC Economic Leaders’ Meeting is scheduled to take place on Nov 18-19 in Shenzhen, Guangdong province.

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At the APEC Finance Ministerial Meeting’s opening ceremony on Tuesday, Lan said the APEC member economies have to strengthen macroeconomic policy dialogue and maintain regional economic and financial stability amid a new round of technological revolution and industrial transformation.

The meeting reviewed and adopted statements that provide the policy direction for deepening financial cooperation among Asia-Pacific economies. It also produced outcome documents that support promoting exchange and cooperation among young financial professionals in the Asia-Pacific region continuously.

On Tuesday morning, the Hong Kong Monetary Authority and the APEC Business Advisory Council held two thematic seminars on how to foster a digitalized, inclusive and sustainable supply chain and mobilize capital for sustainability.

Later that day Hong Kong’s Financial Secretary Paul Chan Mo-po delivered speeches at a working luncheon with the APEC Business Advisory Council on digital infrastructure financing; and at the plenary session on global and regional economic and financial outlook.

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Chief Executive John Lee Ka-chiu and Lan jointly officiated the welcome dinner for representatives of the APEC member economies and international organizations on Tuesday evening.

With the theme of “Building an Asia-Pacific Community to Prosper Together”, the APEC Finance Ministerial Meeting brought together about 500 financial policymakers and representatives of international organizations for two days of discussion on four key objectives: using fiscal policies to support livelihoods; strengthening digital infrastructure financing; promoting inclusive financial development; and enhancing young financial talent exchange.