Spotlight on Hong Kong as APEC finance ministers gather to discuss region’s economic future

The Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting (FMM) is set to take place in Hong Kong from October 20 to 21, 2026, marking the city's first time hosting the event. Organized by Hong Kong, this gathering of senior financial officials aims to demonstrate the city's growing strength and influence as a major international financial centre.

Financial Secretary Paul Chan Mo-po emphasized that the meeting provides an opportunity to showcase Hong Kong's comprehensive development in economic, financial, and social dimensions. The FMM also helps deepen collaboration with other APEC member economies, according to Chan. The city's continued role as a "superconnector" across the finance industry and the region was highlighted, with a significant amount of foreign direct investment inflows into APEC economies, totaling US$956.3 billion in 2024, and over US$126 billion flowing into Hong Kong.

Finance ministers from the 21 APEC member economies, along with representatives of leading financial institutions and industry stakeholders, will gather at the Hong Kong Convention and Exhibition Centre. The agenda will focus on addressing challenges, preparing financial markets for the future amid global uncertainty, and promoting cooperation and development across borders with a priority on growth, resilience, digital transformation, and inclusive, sustainable prosperity.

Andrew Weir, a financial industry expert, highlighted the importance of the APEC ministerial meeting in clarifying areas of potential misunderstanding or collaboration. Weir, who began working in Hong Kong in 1991, believes that Hong Kong excels as a place to work due to the concentration of human capital, the rule of law, and good governance. The APEC meeting will provide Hong Kong with an opportunity to demonstrate its strengths, as it is home to professionals from various financial sectors.

Marjorie Yang, chairman of the Esquel Group, shared insights into Hong Kong's role as a superconnector connecting mainland and global markets. She believes the city's strategic position as a financial hub is crucial, especially in a disrupted geopolitical environment. Yang emphasized the importance of the APEC meeting for financial leaders to assess Hong Kong's role in advancing global trade and the city's ability to take a strategic position on future trade.