China, ASEAN to boost regional financial cooperation

0 CommentsPrint E-mail Xinhua News Agency, October 21, 2009
Adjust font size:

China and ASEAN (Association of Southeast Asian Nations) have vowed to safeguard regional financial stability and strengthen cooperation in currency and investment in the region, according to a declaration issued on Wednesday.

"As the trade and investment cooperation between China and ASEAN have been deepening, regional financial cooperation must be sped up," said the declaration adopted at the closing of the China-ASEAN Finance Cooperation and Development Leadership Forum held in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.

The forum is one of the events held during the 6th China-ASEAN Expo in Nanning from Oct. 20 to 24.

"China and ASEAN should enhance cooperation at all levels, including governments with governments, banks with banks, financial regulators with their counterparts, and financial institutions with non-financial institutions," it said.

The declaration elaborated on specific measures to enhance regional currency cooperation, such as setting up the foreign exchange reserve for ASEAN, China, Japan and South Korea, advancing the multilateral currency swap system in the region, and maintaining relative stability of currency rate.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • Your Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter