Hong Kong successfully hosted the APEC Finance Ministers' Meeting (FMM) 2026 on October 20-21, marking the first time the city has held this significant international event. The meeting brought together finance leaders and representatives of international organisations to discuss regional financial and economic development, culminating in the issuance of the 2026 APEC Finance Ministers' Joint Statement. The statement reaffirmed the commitment to building an open, dynamic, resilient, and peaceful Asia-Pacific community by 2040 for the prosperity of all people and future generations.
The significance of Hong Kong's hosting role extends beyond logistics. As part of APEC China 2026, the event highlights Hong Kong's unique position under the "one country, two systems" principle. Chief Executive John Lee emphasised that the meeting represents a historic occasion for the city, noting that APEC member economies represent some three billion people and account for over 60 per cent of global GDP. He stressed that Hong Kong enjoys both the China advantage and the global advantage, being the only common law jurisdiction in China with a legal and regulatory regime similar to other top financial hubs. This status reinforces Hong Kong's role as a gateway for trade and investment flows between China and the world.
Minister of Finance Lan Fo'an, who chaired the meeting, called for firm implementation of the consensus reached at the APEC Economic Leaders' Meeting, upholding multilateralism and deepening practical co-operation in fiscal and financial affairs. His remarks underscore the importance of collective action to contribute to regional economic and financial stability and long-term sustainable growth. The joint statement and discussions signal a shared commitment to maintaining open channels for trade and investment, resisting new barriers, and fostering connected markets that allow capital to reach productive uses and technologies to be adopted across borders.
Financial Secretary Paul Chan elaborated on Hong Kong's role amid geopolitical tensions and trade policy uncertainties. He urged Asia-Pacific economies to strengthen co-operation to maintain the smooth flow of trade and investment while guarding against financial risks and nurturing long-term growth drivers. Chan highlighted that Hong Kong would leverage its diverse financing channels and professional services as an international financial centre to serve as a "super connector" and "super value-adder." This positioning is critical as the region seeks to safeguard stability and strengthen foundations for lasting prosperity.
The meeting also featured two thematic seminars held by the Hong Kong Monetary Authority and the APEC Business Advisory Council. These sessions focused on fostering a digitalised, inclusive, and sustainable supply chain ecosystem through finance, and mobilising capital for nature. Christopher Hui, Secretary for Financial Services and the Treasury, noted that prosperity will not be secured by any economy acting alone but through partnership, innovation, and resilience. Such discussions are vital for unlocking new opportunities and driving sustainable growth across the Asia-Pacific.
The implications of this announcement are far-reaching. By hosting the FMM, Hong Kong reinforces its status as an international financial centre and demonstrates its capacity to facilitate dialogue and co-operation among APEC economies. The event also provided an opportunity for officials to exchange views on economic and financial development, with John Lee expressing gratitude for the country's support and affirmation of Hong Kong's role. As the region navigates complex challenges, Hong Kong's ability to serve as a bridge and value-adder will be crucial in shaping a resilient and inclusive economic future. For more information about Hong Kong's role, visit https://www.brandhk.gov.hk/.
