Asia Financial Forum leading financial cooperation in the region

Editor's note: Liu Chunsheng, a special commentator on current affairs for CGTN, is an associate professor at the Central University of Finance and Economics in Beijing. The article reflects the author's opinions and not necessarily the views of CGTN.

The Asia Financial Forum (AFF) is being held in the Hong Kong Special Administrative Region from January 24 to 25. As one of the most influential economic events in Asia, it carries the crucial mission of promoting financial cooperation and fostering regional economic development.

The standing of the AFF in Asia is undeniable. With the globalization process, Asia's prominence in the global economy is steadily rising. Serving as an engine for global economic growth, Asia encompasses not only some of the world's largest economies but also gathers many emerging markets and developing countries. The AFF serves as a common platform for governments, financial institutions, businesses and international investors across the region, fostering economic cooperation and dialogue.

Financial cooperation is a vital safeguard for sustainable development in the region, and the forum has facilitated extensive and close collaboration among countries. Through summits, specialized seminars and multilateral dialogues, the AFF provides a platform for exchanging viewpoints, sharing experiences and strengthening cooperation. Financial cooperation is not merely a dialogue between nations; it is an effort to construct a more stable, just and sustainable financial system, enhancing the overall economic resilience of the region.

The forum holds significant importance in promoting regional economic development. Economic development requires robust financial support, and the improvement and innovation of