John Lee pledges to showcase Hong Kong’s financial strengths at Apec meeting
Hong Kong’s leader pledged to showcase the city’s financial strengths to the world as it hosts the two-day Apec Finance Ministers’ Meeting for the first time. Observers said the event, which began on Tuesday and runs until Wednesday, would also help dispel foreign misunderstandings about Hong Kong’s economy and development, while drawing business leaders from around the world. Speaking at a…
Chief Executive John Lee Ka-chiu pledged to highlight Hong Kong's financial strengths to the world during the first-ever Apec Finance Ministers’ Meeting hosted by the city. This two-day event, running from Tuesday to Wednesday at the Hong Kong Convention and Exhibition Centre, aims to dispel foreign misunderstandings about Hong Kong's economy and development.
Lee expressed gratitude for the city's trust and support, as well as Beijing's recognition of Hong Kong as an international financial centre. The meeting, held as the final ministerial-level gathering before the Apec Economic Leaders’ Meeting in Shenzhen, allows Hong Kong to leverage its financial strengths and showcase its comprehensive development across economic, financial, and social sectors.
Approximately 500 guests, including finance chiefs and senior officials from the 21 member economies, are anticipated to attend the meeting. Billy Mak Sui-choi, an associate professor from Baptist University, emphasized that hosting the meeting would clear up misconceptions about Hong Kong's development, which arose after social unrest in 2019, the Covid-19 pandemic, and Sino-US tensions.
Mak highlighted how the event could deepen financial cooperation among countries and regions, benefiting the city's offshore renminbi business.
Lawmaker Alan Chan Chung-yee noted that the meeting had pushed high-end hotels in Wan Chai and Causeway Bay to full occupancy, with five-star hotels in Tsim Sha Tsui and Kowloon also benefiting from the increased business visitors from around the world.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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