Hong Kong Sponsors APEC Economic Outlook SymposiumOver 100 economic experts gathered in Hong Kong Thursday to take part in the 2001 Asia Pacific Economic Cooperation (APEC) Economic Outlook Symposium.The symposium is held on June 28-29 in Hong Kong in preparation for the 2001 APEC Economic Outlook Report which is the annual flagship project of the APEC. The Hong Kong Special Administrative Region (SAR) of China is elected the vice chair and is tasked as the coordinator for the preparation of this year's outlook report. The main theme of the 2001 Outlook Report is "Financial Development and Economic Growth in APEC." Topics arranged for discussion include "Finance and Growth," "The Role of Financial Intermediaries," "Relations between Financial Institutions and Economic Performance: Regional Experience," and "Regional Economic Outlook." Au King-chi, acting secretary for financial services of the Hong Kong SAR, said at the opening ceremony that this is the first time that Hong Kong is given the honor to co-sponsor this regional symposium with the APEC Economic Committee. "Through Exchanges in APEC, we seek to strengthen market infrastructure and human capacity in our economies and enterprises, and reaffirm our concerted efforts to ensure high standards of openness, transparency, and corporate governance in our financial markets," she said. She said that she believes this is the most effective strategy for our enterprises to gain reliable access to capital for innovation and creation of wealth. It is also the key to sustainable growth and expanding employment, and the ultimate source of stability, security and prosperity for the peoples in the region, she added. |
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