The NEAT Conference on East Asian Financial Cooperation, co-sponsored by China Foreign Affairs University and Shanghai Academy of Social Sciences was held at Shanghai International Convention Center on April 1-2, 2005. Feng Guoqin, Vice Mayor of Shanghai Municipality and member of Shanghai Municipal Party Standing Committee, Gao Jian, Vice Governor of China Development Bank, Ambassador Wu Jianmin, NEAT Co-Interim Coordinator, NEAT Country Coordinator of China and President of China Foreign Affairs University, and Wang Ronghua, President of Shanghai Academy of Social Sciences and Vice Chairman of Shanghai Political Consultative Conference were all present at the conference and made important speeches. Relevant Central Government leaders and officials in charge of Shanghai financial institutions, together with concerned experts and scholars attended the conference. The representatives of NEAT member countries, including those from Indonesia, Philippines, Thailand, Singapore, Laos, Vietnam, Japan and the Republic of Korea were also invited to the conference.
Country Coordinators' Meeting convened by NEAT in Kuala Lumpur, Malaysia in December 2004 resolved to establish six research working groups. China is responsible for sponsoring the working group on “East Asian Financial Cooperation". Currently, East Asian financial cooperation constitutes an important component in East Asian economic cooperation. The NEAT Conference on East Asian Financial Cooperation is aimed at promoting studies in relevant domain and submit study reports and policy recommendations to such significant meetings as the 3rd Annual Conference of NEAT, the ASEAN+3 Summit, etc.
At this NEAT Conference on East Asian Financial Cooperation, representatives thoroughly explored a series of issues including the potentiality and possibility of East Asian financial and monetary cooperation, the opportunities and challenges in the process of East Asian financial cooperation and measures and policy recommendations on furthering East Asian financial cooperation.
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