Apec finance ministers reach consensus on AI, digital financing in Hong Kong
Asia-Pacific Economic Cooperation (Apec) finance chiefs reached a consensus on economic policy coordination and cooperation on financing technology and artificial intelligence at a landmark two-day gathering in Hong Kong, according to China’s finance minister. Lan Foan said the outcomes achieved during the Apec Finance Ministers’ Meeting would help shape discussions at the leaders’ summit in…
Apec finance ministers in Hong Kong agreed on policy coordination and cooperation for financing technology and artificial intelligence during a two-day meeting, according to China’s finance minister, Lan Foan. The outcomes from this meeting will influence discussions at the leaders' summit in Shenzhen next month. Lan expressed that China would collaborate with all member economies to implement the consensus and contribute positively to the Apec economic leaders' meeting in November.
Over 500 participants, including finance ministers from Apec’s 21 economies, attended the meeting on Tuesday and Wednesday, preparing for the leaders' summit on November 18 and 19. Lan emphasized that the international landscape's volatility and uncertainties, along with geopolitical conflicts, necessitated addressing global challenges.
The meeting achieved consensus in three areas: strengthening coordination on macroeconomic policy to handle external risks, enhancing regional cooperation on digital infrastructure financing, and expanding access to financial services for individuals and businesses.
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