What is "Financial Open Door to ASEAN"?

Major projects to open the financial door to ASEAN include: creating a comprehensive insurance innovation demonstration zone, a green financial reform and innovation demonstration zone, a China-Donsu cross-border financial innovation demonstration zone, and a financial services rural revitalization demonstration zone.

Guangxi will explore the creation of "four major demonstration areas": insurance comprehensive innovation demonstration area, green finance reform innovation demonstration area, cross-border financial innovation demonstration area, and financial services rural revitalization demonstration area. Build "four major centers" for ASEAN: a regional RMB offshore financial center, a regional currency transaction clearing center, a cross-border investment and financing center, and a cross-border financial intermediary service center.

Build "four major bases" for ASEAN-oriented financial back-end service base, wealth management service base, financial information service base, and financial exchange training base, and improve the China-ASEAN bulk commodity spot trading market and gold industry trading market The "four major markets", regional equity investment market and regional property rights trading market, fully mobilize all aspects of society to participate in the construction of an open financial portal.

Introduction to ASEAN:

The Association of Southeast Asian Nations, abbreviated as ASEAN, was established in Bangkok, Thailand on August 8, 1967. The secretariat is located in Jakarta, the capital of Indonesia. As of 2019, ASEAN has 10 member states: Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Myanmar, and Vietnam.

The Association of Southeast Asian Nations has established free trade areas with six countries including China, South Korea, and Japan. China, Japan, South Korea, India, Russia, Australia, New Zealand, the United States, and other countries have successively joined the "Southeast Asian Friendship Cooperation Treaty.

Reference for the above content: People’s Daily-Guangxi: Efforts to build an open financial portal for ASEAN