The Asia-Pacific Economic Cooperation forum's Finance Ministers' meeting did not discuss Hong Kong's linked exchange rate regime, says Secretary for Financial Services & the Treasury.
Frederick Ma said the finance ministers all accepted that there is no one single exchange rate regime that suits all economies under all circumstances.
This consensus has been reflected in the Joint Ministerial Statement issued at the end of the Phuket meeting.
The statement emphasised the importance of accelerating structural reform and adopting macroeconomic policies that support growth, supported by appropriate exchange-rate policies that facilitate orderly and balanced external adjustment.
The two-day meeting ended today.
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