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FS meets APEC finance ministers in Cebu (with photos)
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     The Financial Secretary, Mr John C Tsang, today (September 10) held bilateral meetings with his counterparts ahead of the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting (FMM) in Cebu, the Philippines.

     Two bilateral meetings were held this morning. Mr Tsang first met with the US Department of the Treasury's Assistant Secretary for International Finance, Mr Ramin Toloui. They exchanged views on international monetary affairs as well as the outlook of the global economy.

     This was followed by a bilateral meeting with the Minister of Finance of Thailand, Mr Apisak Tantivorawong. They discussed the latest developments of the emerging markets in Asia, and looked forward to strengthening bilateral economic ties between Hong Kong and Thailand.

     Mr Tsang, together with his counterparts, joined the welcome event hosted by the President of the Philippines, Mr Benigno Aquino III, before attending the APEC Finance Ministers' Retreat.

     At the Retreat, Mr Tsang mentioned that as the US interest rate lift-off draws closer and the demand of many advanced economies remained weak, many economies showed signs of growth slowdown and the global economy will be facing a number of challenges.

     "The FMM would therefore provide an appropriate platform for the members to explore further connection and integration among the markets, with a view to promoting cross-border trade and investment, as well as boosting the regional and global economy," he said.

     Tomorrow (September 11), Mr Tsang will participate in various sessions of the APEC FMM.

Ends/Thursday, September 10, 2015
Issued at HKT 20:06

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