Liao Min attends ASEAN and China-Japan-Korea finance and central bank deputy video conference

On April 8, 2026, the annual first deputy-level meeting of the ASEAN-China-Japan-Korea Financial and Monetary Cooperation Mechanism between finance ministries and central banks was held via video conference. The meeting discussed the global and regional macroeconomic situation as well as key topics in financial and monetary cooperation between ASEAN and China, Japan, and Korea. Liao Min, Deputy Minister of Finance, attended the meeting and delivered remarks.

Liao Min said that the regional economy currently faces multiple challenges. The parties of ASEAN and China, Japan, and Korea should adhere to multilateralism, strengthen communication and coordination on macroeconomic policies, continuously deepen regional financial and monetary cooperation, and safeguard regional economic and financial stability. Liao Min pointed out that the National “Two Sessions” concluded in March reviewed and approved the “15th Five-Year Plan.” During the “15th Five-Year Plan” period, China will continue to promote high-quality development and high-level opening up, share “China’s opportunities” with countries around the world, and promote development and prosperity in the region. This year, China’s economy has started well. China will continue to implement more proactive fiscal policies, focusing on expanding domestic demand and investing in people, and strive to achieve the expected growth targets.

The meeting also reviewed relevant documents and work plans concerning the ASEAN+3 Macroeconomic Research Office (AMRO), the multilateralization of the Chiang Mai Initiative, the Asian Bond Market Initiative, and disaster risk financing initiatives. (Ministry of Finance website)