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On October 19, Asian Financial Cooperation Association Annual Master Forum (2024) was successfully held in Beijing. The forum was also one of the Parallel Forums of the Annual Conference of Financial Street Forum (2024), with the theme of “Belt and Road Financial Cooperation: Opportunities, Challenges and Prospects”. Mr. Zhou Liang, Vice Minister of National Financial Regulatory Administration of China, and Mr. Wang Zhiheng, Vice Chairman and President of Agricultural Bank of China Limited attended the forum and delivered the opening addresses. Mr. Hyeonjin Cha, Executive Director of Korea Deposit Insurance Corporation, Mr. Zhang Ming, Deputy Director General of the Department of Regional Openning-up of the National Development and Reform Commission of China, Mr. Huo Xuewen, Chairman of Bank of Beijing, Mr. Chartsiri Sophonpanich, President of Bangkok Bank Public Company Limited, Mr. Mark Yunfeng Wang, Deputy Chairman, President and Chief Executive Officer, HSBC Bank (China) Company Limited, Mr. Yokohata Hajime, Vice Chairman and President of SUMITOMO MITSUI BANKING CORPORATION(CHINA) LIMITED attended the forum and gave keynote speeches. Mr. Qi Jianming, Secretary General of AFCA moderated the forum.


The Report Launch session was moderated by Ms. Yang Liyu, Executive Deputy Secretary General of AFCA. It was the seventh consecutive year that this AFCA annual report has been released. The report reviewed the economic and financial situation in Asia from 2023 to mid-2024, analyzed new development challenges, explored new opportunities for cooperation, and provided relevant policy recommendations. The forum also witnessed Silk Road Fund – Uzbektelecom Loan Facility Accordion Accession Agreement Exchange.


The Penal Discussion on “Belt and Road financial cooperation and the development of the digital economy” was moderated by Mr. Jin Li, Member of the National Committee of the Chinese People’s Political Consultative Conference, Vice President of Southern University of Science and Technology. Mr. Shingo Nishikawa, President of MITSUI SUMITOMO INSURANCE(CHINA) CO.,LTD, Mr. Wu Peng, Executive Committee Member and Business Director of China Galaxy Securities Co., Ltd, Ms. Hámori Réka, Chief Economist of Hungarian Banking Association, Mr. Fu Yingsheng, Deputy General Manager of Strategic Research Department, SINOSURE elaborated financial cooperation solutions to promote the digital economy development.



Over 150 representatives of financial regulators, AFCA member institutions, non-member financial institutions, from Chinese mainland, Hong Kong, Macao, Japan, Korea, Malaysia, Thailand, Uzbekistan, United Kingdom, Hungary, Germany, Switzerland, and the United States attended the forum. The secretariat of AFCA also held a closed-door session in which relevant members communicated with the regulatory authorities over issues of mutual interests.



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Penal Discussion on “Belt and Road financial cooperation and the development of the digital economy”