Priorities set for high-level ASEAN financial opening-up gateway
The People's Bank of China and the Guangxi Zhuang Autonomous Region jointly held a conference in Beijing on February 11 to clarify priorities for a high-level financial opening-up gateway for ASEAN. Deputy Governor Lu Lei delivered a speech outlining key next steps.
Charting the course for ASEAN finance
PBOC Deputy Governor Lu Lei underscored the strategic importance of building a high-level financial opening-up gateway for ASEAN, aligning with General Secretary Xi Jinping's instructions.
He outlined key priorities, including accelerating a comprehensive new framework for financial cooperation with ASEAN.
This involves strengthening the quality and efficiency of financial services for key areas and enhancing artificial intelligence empowerment to improve financial institutions' service efficiency and management capabilities.
Furthermore, deepening financial exchanges and cooperation with ASEAN is crucial to fostering broader consensus on regional financial governance.
Lu Lei also called for reinforcing coordinated efforts and pooling development synergy to establish an efficient and pragmatic policy support system for the gateway.
Broad support for gateway initiative
The conference acknowledged the progress made in developing the financial opening-up gateway and clarified work priorities for the next steps.
High-level officials from key financial regulatory bodies attended, including the Office of the Central Financial Commission, the People's Bank of China, the National Financial Regulatory Administration (NFRA), the China Securities Regulatory Commission (CSRC), and the State Administration of Foreign Exchange (SAFE).
Also present were officials from the Guangxi Zhuang Autonomous Region, its PBOC branch, and representatives from financial institutions and experts, highlighting broad institutional support for the initiative.