China-ASEAN Cross-Border Financial Cooperation Roundtable Held in Nanning, Guangxi

On September 18, the 2025 China-ASEAN Financial Cooperation and Development Forum was held in Nanning, Guangxi. The forum was jointly organized by the People’s Government of Guangxi Zhuang Autonomous Region, the China Society for Finance and Banking, and Asian Financial Cooperation Association (hereinafter referred to as AFCA) with the theme “AI Development and Financial Innovation in the Context of China-ASEAN Cooperation”. The forum brought together nearly 400 participants, including representatives of central banks, regulatory authorities, leading financial institutions, and top AI companies from both China and ASEAN countries.  

Wei Tao, Chairperson of the People’s Government of Guangxi Zhuang Autonomous Region; Lu Lei, Deputy Governor of the People’s Bank of China; and Xiao Yuanqi, Vice Minister of China’s National Financial Regulatory Administration, attended and delivered addresses. Senior financial officials from ASEAN countries, including Rashidah Sabtu, Managing Director of Brunei Darussalam Central Bank; Bounkham Vorachit, Governor of the Bank of the Lao PDR; Rath Sovannorak, Deputy Governor of the National Bank of Cambodia; and Dej Titivanich, Assistant Governor of the Bank of Thailand, delivered keynote speeches. 

In his address, Vice Minister Xiao Yuanqi emphasized that AI is profoundly reshaping the financial industry landscape, enhancing risk management and business decision-making, improving efficiency, and promoting the personalized development of financial services. While advancing innovative applications of AI, it is imperative to place financial stability and security as the top priority. Financial regulatory authorities will continue to strengthen guidance, improve regulatory policies, and enhance cross-border regulatory coordination to ensure the safe, sound, and orderly development of AI in the financial sector, thereby providing a solid foundation for regional financial cooperation and stability.

In parallel with the forum, the “China-ASEAN Cross-Border Financial Cooperation Roundtable” co-hosted by AFCA and the Agricultural Bank of China was convened. Chaired by AFCA Secretary General Qi Jianming, the roundtable featured sharing and dialogues on “China-ASEAN Financial Market Cooperation Experience” “FinTech in Inclusive Finance” and “Cross-Border Financial Data Flows and Privacy Protection”. Speakers from regulatory institutions, including Wang Lei, Deputy Director General of the Technology Supervision Department of China's National Financial Regulatory Administration, and Jaehoon LEE, Lead Manager of Financial Supervisory Service of the Republic of Korea, other speakers including Suwatchai Songwanich, Bangkok Bank Public Company Limited SEVP; Hou Guifeng, General Manager of the International Banking Department of Agricultural Bank of China; and Wu Peng, Executive Committee Member and Business Director of China Galaxy Securities, delivered remarks. Xiao Dan, Deputy Director General of the International Cooperation Department of China's National Financial Regulatory Administration, delivered concluding remarks. 

Looking ahead, AFCA will further implement the spirit of the Central Conference on Work Relating to Neighboring Countries, continue to serve as a bridge and bond, and persistently promote financial cooperation across Asia.