On March 28th, the Boao Forum for Asia’s “Asian Economic Prospects and Integration Process 2023 Annual Report” believes that the deepening of Asian financial integration has helped enhance the ability of economies in the region to resist the negative impact of international capital flows.
By the end of 2022, there will be 26 local currency swap agreements signed by Asian economies. Among them, the scale of local currency swap agreements signed between China and Asian economies reached 1.973 trillion yuan.
As of December 2022, the Japanese yen and the Chinese renminbi will rank fourth and fifth in the world’s major currencies for international payments, accounting for 2.88% and 2.15% respectively.
In addition, China, India and ASEAN countries have become the most active green bond issuers in emerging markets.
Stock exchanges in international financial centers such as Shanghai, Tokyo, Hong Kong, Singapore, Seoul, and Taipei have become important listing places for Asian green bonds.