From June 11 to 12, China Ministry of Finance hosted the APEC Senior Finance Officials’ Meeting(SFOM) for 2026 in Chengdu, Sichuan Province. Liao Min, Vice Minister of Finance, attended the meeting and delivered opening remarks.

Liao pointed out that the Asia-Pacific region has witnessed robust economic growth and remains a major engine of global economic growth, driven by technological advancement and digital transformation. To address the multiple evolving challenges facing the region, APEC economies should uphold multilateralism, strengthen macroeconomic policy coordination, accelerate economic transformation and maintain the stability and smooth functioning of industrial and supply chains, so as to jointly promote sustainable economic growth in the region.

Liao also briefed on the current Chinese economic performance, highlighting that China will continue to promote high-quality development and high-standard opening-up, further expend domestic demand and boost consumption during the 15th Five-Year Plan (2026-2030) period. China will share it’s development opportunities and dividends with the world, and jointly build an Asia-Pacific community with a shared future.

Participants held in-depth discussions on global and regional economic and financial outlook and the four policy priorities, including fiscal policy supporting households, digital infrastructure financing and financial access and opportunity for all, as well as the APEC young financial talents dialogue. They spoke highly of China’s leadership as this year’s host, and commended the progress made under the APEC Finance Ministers’ Process in 2026. 

On the sidelines of the SFOM, China Ministry of Finance also co-hosted a workshop on Digital Infrastructure Financing with Asian Infrastructure Investment Bank and a seminar on Financial Access and Opportunity for All with Asian Development Bank on June 10, which achieved positive outcomes.