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FS attends APEC Finance Ministers' Retreat in Hoi An, Vietnam

The Financial Secretary, Mr Paul Chan, today (October 20) attended the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Retreat in Hoi An, Vietnam.

The main topic of discussion at the Finance Ministers' Retreat is the fiscal consolidation policies and sustainability of public debt, and how to promote sustainable economic growth through a stable fiscal policy. Participants shared their experiences and practices at the meeting.

Before attending the Retreat, Mr Chan held three bilateral meetings with his counterparts this morning, first with the Undersecretary of Finance of the Philippines, Mr Gil Beltran, and then with the Minister of Finance of Thailand, Mr Apisak Tantivorawong, followed by the Deputy Minister of Finance of Malaysia, Dato' Lee Chee Leong. Mr Chan discussed with them ways to strengthen economic ties and collaboration between Hong Kong, the Philippines, Thailand and Malaysia.

This was followed by his meeting with the Under Secretary for International Affairs of the US Department of the Treasury, Mr David Malpass. Both sides exchanged views on matters of mutual interest.

He ended the day by attending the gala dinner hosted by the Minister of Finance of Vietnam, Mr Dinh Tien Dung, for delegates joining the meeting.

Tomorrow (October 21), Mr Chan will participate in various sessions of the APEC Finance Ministers' Meeting.


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