China says APEC finance ministers agree to boost policy coordination

Finance ministers from Asia-Pacific Economic Cooperation (APEC) countries have reached an agreement to enhance macroeconomic policy communication and coordination, according to Chinese Finance Minister Lan Foan. The ministers met in Hong Kong and discussed practical cooperation in the financial sector, focusing on supporting livelihoods, digital infrastructure financing, and inclusive finance development measures.

A policy statement was released, emphasizing the promotion of reliable, accessible, scalable, trusted, secure, and resilient digital infrastructure, as well as enhancing digital literacy and cross-border connectivity to accelerate digital transformation in the region. The ministers also sought greater collaboration between public and private sectors, along with multilateral development banks, to foster innovation and risk mitigation.