Speech by FS at APEC Finance Ministers' Meeting 2026 Plenary Session 1 - Global and Regional Economic and Financial Outlook (English only) (with photo)

Following is the speech by the Financial Secretary, Mr Paul Chan, at the APEC (Asia-Pacific Economic Cooperation) Finance Ministers' Meeting 2026 Plenary Session 1 - Global and Regional Economic and Financial Outlook today (October 20): Chairman, fellow ministers, colleagues, It is a great pleasure to welcome you to Hong Kong, Asia's world city. The global economy has shown resilience, but that resilience is uneven and under strain. Geopolitical tensions and trade policy uncertainty cloud the outlook, with risks tilted to the downside. Asia continues to outpace global growth, supported by technology-related trade and investment. We see this momentum in Hong Kong, where merchandise exports rose by more than 40 per cent in value in the first eight months of this year, and around 70 per cent of our IPO (initial public offering) proceeds were attributable to AI-related companies. Yet prolonged geopolitical disruption would raise energy prices, further fuel inflation and tighten financial conditions, weighing on investment and constraining fiscal space. Concentrated exposures to AI-related assets, particularly where leverage is involved, could amplify market corrections across sectors a

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