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FS continues to attend Asian Development Bank Annual Meeting events (with photos/video)
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     ​The Financial Secretary, Mr Paul Chan, continued to attend the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, Italy, yesterday (May 5, Milan time).

     Mr Chan spoke at the Business Session at the ADB Annual Meeting. He emphasised the need for member countries to strengthen cooperation amidst significant disruptions caused by unilateralism and protectionism to the global economy and trade order. He expressed hope that the ADB would continue to be guided by its core principles, supporting projects with actual needs and promoting more inclusive regional development. Mr Chan stated that Hong Kong, China supports the reform agenda of the ADB following the Mid-term Review of its "2030 Strategy", which focuses on addressing climate change, developing the private sector, advancing regional cooperation and digital transformation.

     Mr Chan highlighted that under "one country, two systems" principle, Hong Kong maintains its status as a free port, implements free trade policies and ensures the free flow of capital, goods, people and information. He reiterated Hong Kong's steadfast support for a rules-based multilateral trading system. As an international financial centre, Hong Kong is willing to share experiences in innovative financing arrangements with ADB members, including infrastructure loan securitisation and catastrophe bonds, to support high-quality infrastructure and green projects. Moreover, Hong Kong is open to sharing solutions in the digital economy and innovative technologies with other ADB members to contribute to more inclusive regional economic development.

     Mr Chan also met with the Governor of the Bank of Italy, Mr Fabio Panetta, to share Hong Kong's latest economic and financial developments. They also exchanged views on the international economic landscape.

     Yesterday, Chan attended the opening ceremony of the Annual Meeting, lunch and dinner for governors, during which he discussed regional development issues, common challenges and strategies in response with other governors.
 
Ends/Tuesday, May 6, 2025
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The Financial Secretary, Mr Paul Chan, continued his attendance yesterday (May 5, Milan time) at the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, Italy. Photo shows Mr Chan (second row, fifth left) and other governors of ADB and central banks at the meeting.
The Financial Secretary, Mr Paul Chan, continued his attendance yesterday (May 5, Milan time) at the 58th Annual Meeting of the Asian Development Bank in Milan, Italy. Photo shows Mr Chan speaking at the Business Session of the Asian Development Bank Annual Meeting.
The Financial Secretary, Mr Paul Chan, continued his attendance yesterday (May 5, Milan time) at the 58th Annual Meeting of the Asian Development Bank in Milan, Italy. Photo shows Mr Chan speaking at the Business Session of the Asian Development Bank Annual Meeting.
The Financial Secretary, Mr Paul Chan, continued his attendance yesterday (May 5, Milan time) at the 58th Annual Meeting of the Asian Development Bank in Milan, Italy. Photo shows Mr Chan (second left) meeting the Governor of the Bank of Italy, Mr Fabio Penetta (first right).
The Financial Secretary, Mr Paul Chan, continued his attendance yesterday (May 5, Milan time) at the 58th Annual Meeting of the Asian Development Bank in Milan, Italy. Photo shows Mr Chan (left) meeting the Governor of the Bank of Italy, Mr Fabio Penetta (right).

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FS continues to attend Asian Development Bank Annual Meeting events
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