Financial Secretary John Tsang attended the Asia-Pacific Economic Co-operation Finance Ministers' Meeting in Lima yesterday.
In the joint ministerial statement adopted by the meeting, the finance ministers reaffirmed their strong commitment to continued structural reforms that can provide impetus for economic growth.
The member economies are also committed to avoiding competitive devaluation of currency as well as to resisting all forms of protectionism in trade.
It was agreed that all available policy tools, including monetary, fiscal and structural tools, will be required in order to achieve the objective of strong, sustainable, balanced and inclusive economic growth in the region.
Mr Tsang also attended a working lunch with the APEC Business Advisory Council.
On the margins of the meeting sessions, Mr Tsang had a short discussion with the Undersecretary of the Department of Finance of the Philippines Grace Singson on strengthening of collaboration in infrastructure financing.
Mr Tsang introduced her to the work of the Infrastructure Financing Facilitation Office recently established under the Hong Kong Monetary Authority.
He also had a bilateral meeting with Korea's Deputy Minister of Ministry of Strategy & Finance Song In-chang. They exchanged experience on the development and application of innovative technologies as well as Fintech.
Mr Tsang will start his visit to the Netherlands on October 16 and stay until Monday.
