当亚太经合组织21个成员经济体的财政部长和高级官员下周齐聚一堂时，香港将首次承办此次会议。场地的选择绝非偶然。
When finance ministers and senior officials from the Asia-Pacific Economic Cooperation forum’s 21 member economies gather next week, Hong Kong will host the event for the first time. The choice of venue is no accident.
中国今年担任亚太经合组织轮值主席，北京特意选定香港举办这一关键的部长级峰会。派财政部长前往香港是一种有意识的表态：这座城市仍是国家首屈一指的国际金融中心，中央政府希望世界能够看到这一点。
China holds the Apec chair this year, and Beijing picked the city for a key ministerial summit. Sending the finance ministers to Hong Kong is a deliberate statement: the city remains the nation’s pre-eminent international financial centre, and the central government wants the world to see it.
今年的安排耐人寻味。6月，澳门承办了第13届亚太经合组织旅游部长级会议，吸引了超过200名代表参会，共同探讨智慧旅游和旅游便利化。
The pattern this year is telling. In June, Macau hosted the 13th Apec Tourism Ministerial Meeting, drawing more than 200 delegates to discuss smart tourism and travel facilitation.
澳门主办旅游，香港主办金融：两个特别行政区各自获得了契合自身优势的舞台。对于澳门而言，这也是一个及时的提醒——其未来必须超越博彩桌面。两场会议都将为下月在深圳举行的亚太经合组织领导人峰会拉开序幕。
Tourism for Macau, finance for Hong Kong: each special administrative region has been given a stage suited to its strengths, and in Macau’s case a timely reminder that its future must extend beyond gaming tables. Both meetings serve as curtain-raisers for the Apec leaders’ summit in Shenzhen next month.
财经事务及库务局局长许正宇表示，香港获选承办此次会议，是北京对香港国际金融中心地位的肯定。相关数据充分支持他的说法。
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu called the hosting a sign of Beijing’s recognition of Hong Kong’s status as an international financial centre. The numbers amply support his claim.
据毕马威（KPMG）统计，截至9月底，全年共有约116只首次公开发行（IPO）募资额超过3880亿港元（约490亿美元），而全年募资总额预计将达到创纪录的5000亿港元。其中近70%来自内地企业通过A+H股上市募集的国际资本。环球银行金融电信协会（Swift）的数据显示，截至8月，香港处理了全球约76%的人民币跨境支付。去年离岸人民币贷款规模达到创纪录的9350亿元人民币（约1400亿美元）。
According to KPMG, some 116 initial public offerings raised more than HK$388 billion (US$49 billion) up to the end of September while whole-year proceeds are projected to hit a record half a trillion. Nearly 70 per cent came from A+H listings by mainland firms seeking international capital. Society for Worldwide Interbank Financial Telecommunication (Swift) data shows the city handled about 76 per cent of the world’s renminbi payments as of August. Offshore yuan lending reached a record 935 billion yuan (US$140 billion) last year.
这正是香港在实践中“融入国家、服务国家”的体现：香港作为内地企业面向全球投资者、人民币走向世界的通道，同时自身也实现了繁荣。
This is what integrating and serving the country looks like in practice: Hong Kong as the channel through which mainland enterprises reach global investors and the renminbi reaches the wider world while the city itself prospers.
亚太经合组织会议的议程充分体现了这些优势。财政司司长陈茂波已为香港列出四项优先事项：支持民生的财政政策、数字基础设施融资、普惠金融以及培育年轻金融人才。
The Apec meeting’s agenda plays to these strengths. Financial Secretary Paul Chan Mo-po has outlined four priorities for Hong Kong: fiscal policies that support livelihoods, financing for digital infrastructure, inclusive finance and nurturing young financial talent.
他指出，去年香港发行的绿色和可持续债券规模约为380亿美元，连续八年领先亚洲市场，且该市将展示其保险挂钩证券服务、自保险（企业的一种自我保险方式）和灾害债券，作为区域气候韧性的工具。
He notes that about US$38 billion in green and sustainable bonds was issued in Hong Kong last year, leading the Asian market for the eighth consecutive year, and that the city will showcase its insurance-linked securities services, captive insurance (a kind of self-insurance by businesses) and catastrophe bonds as tools for regional climate resilience.
有人会指出，美国财政部长斯科特·贝森特可能缺席香港会议，他预计将派遣副手代表他出席，而他本人正为下个月唐纳德·特朗普总统访问深圳做准备。若将此解读为冷遇，那就是错误的。自2000年以来，美国财政部长仅参加过四次在海外举行的亚太经合组织财长会议；耶伦在四年内仅参加过一次，当时华盛顿是东道主。贝森特预计将在峰会前先在深圳会见副总理何立峰，而贸易休战将于1月10日到期，在这种情况下，两次跨太平洋行程在不到四周内进行显然缺乏意义。
Some will point to the likely absence in Hong Kong of US Treasury Secretary Scott Bessent, who is expected to send a deputy in his place while he prepares for President Donald Trump’s visit to Shenzhen next month. It would be a mistake to read this as a snub. US Treasury secretaries have attended only four Apec finance ministers’ meetings held overseas since 2000; Janet Yellen attended once in four years, when Washington was host. Two trans-Pacific trips in under four weeks make little sense when Bessent is expected to meet Vice-Premier He Lifeng in Shenzhen ahead of the summit, with the trade truce due to expire on January 10.
事实上，华盛顿对深圳峰会的重视本身就是一种鼓励。这表明世界上两大经济体正认真致力于将脆弱的休战转化为持久的成果。对依赖开放市场和稳定的大国关系的香港而言，这一点尤为重要。
Indeed, the priority Washington attaches to the Shenzhen summit is itself encouraging. It signals that the world’s two largest economies are serious about converting a fragile truce into something durable. For Hong Kong, whose fortunes depend on open markets and stable great-power relations, that matters.
然而，举办本身并不是目的。一次组织良好的会议可以展示能力，但不会创造能力。香港的持久吸引力取决于深度和流动性的市场、可兑换货币、透明的监管以及全球投资者所期望的专业 expertise，所有这些都需要通过稳定且可预见的政策制定和法治来巩固。这些必须像会议的后勤保障一样得到细心守护。
Still, hosting is not an end in itself. A well-run conference showcases capabilities; it does not create them. Hong Kong’s lasting appeal depends on deep and liquid markets, a convertible currency, transparent regulation and the professional expertise global investors expect, all reinforced by steady and predictable policymaking, and the rule of law. Those must be guarded as carefully as the meeting’s logistics.
香港获得了一个宝贵且高度可见的平台。它应利用此次机会，不仅展示其成就，更要深化与其他亚太经合组织经济体的真诚联系与伙伴关系，证明一个服务于国家的城市也能服务于地区乃至世界。
Hong Kong has been handed a valuable and highly visible platform. It should use the occasion not merely to display its achievements but to deepen genuine connections and partnerships with fellow Apec economies, proving that a city which serves the nation can also serve the region and the world.