Speech by FS at APEC Finance Ministers’ Meeting 2026 Plenary Session 1

Following is the speech by the Financial Secretary, Mr Paul Chan, at the APEC (Asia-Pacific Economic Cooperation) Finance Ministers’ Meeting 2026 Plenary Session 1 – Global and Regional Economic and Financial Outlook today (October 20):

Chairman, fellow ministers, coworkers,

It is an excellent enjoyment to invite you to Hong Kong, Asia’s world city.

The worldwide economy has actually revealed durability, however that durability is unequal and under pressure. Geopolitical stress and trade policy unpredictability cloud the outlook, with threats slanted to the drawback.

Asia continues to exceed international development, supported by technology-related trade and financial investment. We see this momentum in Hong Kong, where product exports increased by more than 40 percent in worth in the very first 8 months of this year, and around 70 percent of our IPO (going public) profits were attributable to AI-related business.

Extended geopolitical disturbance would raise energy costs, additional fuel inflation and tighten up monetary conditions, weighing on financial investment and constraining financial area. Focused direct exposures to AI-related properties, especially where utilize is included, might magnify market corrections throughout sectors and borders.

Handling these dangers needs financial vigilance, watchful monetary oversight and closer co-operation in info sharing, danger tracking and emergency situation reaction.

Translation of technological advances into efficiency gains, broader adoption of AI, green shift and other developments need continual financial investment. Similarly essential are constructing digital facilities, establishing associated abilities and literacy, and preparing companies and neighborhoods for modification.

Mobilising personal capital is vital. Federal governments require to supply foreseeable, investment-friendly policies and modernise regulative structures, offering companies the self-confidence to innovate and invest.

Regionally, we require open channels for trade and financial investment, not brand-new barriers. Linked markets permit capital to reach efficient usages and innovations be embraced throughout borders.

Hong Kong, China stays dedicated to these concepts. As a worldwide monetary centre, we carry capital into efficient financial investment, while our expert services assist organizations get in brand-new markets and commercialise innovations.

Coworkers, interconnected difficulties require co-ordinated actions. Our cumulative job is to protect stability while enhancing the structures for lasting success. Hong Kong, China stands prepared to deal with fellow economies to take chances, handle dangers and support more resistant, sustainable and inclusive development throughout the Asia Pacific.

Thank you.

Ends/Tuesday, October 20, 2026

Released at HKT 16:20

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