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Financial Secretary of Hong Kong Travels to the Philippines to Discuss the Global Economy

世贸通
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      The Financial Secretary of the Hong Kong Special Administrative Region Government, John Tsang, departed today for Cebu, Philippines, to attend the APEC Finance Ministers' Meeting. He will participate in discussions regarding the global economic environment, current uncertainties, and strategies for strengthening financial cooperation.

Financial Secretary of Hong Kong Travels to the Philippines to Discuss the Global Economy 

      Regarding the recent volatility of the Hang Seng Index in Hong Kong, John Tsang stated that different economies face various destabilizing factors that impact local economic development, particularly within the Asia-Pacific region. He noted that Europe is currently experiencing an economic downturn, and Japan is not showing signs of significant growth. In this broader context, he will closely monitor the impact of the global economy on Hong Kong's economic growth for the second half of the year.

      It is reported that John Tsang will attend the APEC Finance Ministers' Informal Meeting on the 10th and participate in various sessions of the APEC Finance Ministers' Meeting on the 11th. During his visit, he will also hold bilateral meetings with other participating finance ministers and representatives.

Investment involves risks, the above information is for reference only

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