Liao Min presided over the APEC Finance and Central Bank Deputies Meeting and held multiple bilateral meetings

From February 4 to 5, 2026, the APEC Finance and Central Bank Deputies Meeting was held at the National Accounting Institute in Shanghai. This is the first financial channel meeting held since China assumed the role of 2026 APEC host. Vice Minister of Finance Liao Min represented China to chair the meeting. The conference discussed topics such as the global and regional economic and financial situation, fiscal policies to support people’s livelihoods, digital infrastructure financing, and inclusive finance. The meeting approved the work plan for the 2026 APEC financial channel proposed by China, as well as the APEC Youth Financial Talent Exchange and Cooperation Program. Liao Min stated that the Asia-Pacific region currently faces multiple challenges including trade policy uncertainties, aging populations, and high debt levels, but remains an important engine of global economic growth. APEC economies should adhere to multilateralism, strengthen macroeconomic policy coordination, deepen regional cooperation, enhance fiscal and financial resilience, and jointly promote sustainable economic growth and the building of the Asia-Pacific Community. Liao Min highlighted the spirit of the Fourth Plenary Session of the 20th Central Committee and the content of the 14th Five-Year Plan, explaining China’s long-term positive economic development trend, and emphasizing that China will continue to promote high-quality development, driving an economic model led by domestic demand, consumption, and endogenous growth. Before and during the meeting, Liao Min also held meetings or exchanges with Deputy Minister of Finance of Vietnam Chen Guofang, Deputy Minister of Finance of the Philippines Barboza, Acting Deputy Minister of the U.S. Treasury Brooke, Deputy Governor of the Bank of Papua New Guinea Yebom, Director of Multilateral Affairs at the World Bank Heitmann, and Project Director Mackenzie of the APEC Secretariat, exchanging views on common bilateral and multilateral financial issues of mutual concern. (Ministry of Finance)