Economy

ASEAN, China, Japan, South Korea hold regional financial meeting

(Xinhua)
Updated: 2010-04-06 15:53

NHA TRANG - The ASEAN+3 (the Association of Southeast Asian Nations and China, Japan, South Korea) deputy finance ministers and central bank deputy governors held a meeting here Tuesday to discuss regional financial cooperation.

The meeting is co-chaired by Chinese Deputy Finance Minister Li Yong and Vietnamese Deputy Finance Minister Tran Xuan Ha.

According to the Chinese delegation, officials exchanged views on regional economic and financial developments and policies at the meeting.

They reviewed the progress of regional financial cooperation initiatives, including the Chiang Mai Initiative Multilateralization and the Asian Bond Markets Initiative. They also explored ways to further enhance these initiatives.

Officials also discussed the building of a regional credible system to monitor the economic and financial situation of the 10+3 countries.

Officials vowed to maintain the fine cooperation momentum and strengthen policy dialogue to deepen regional financial cooperation, so as to safeguard regional financial stability and economic integration.

The ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.