China-led Asian Financial Cooperation Association launches

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Regional support: 107 financial institutions from five continents have signed up to become founding members of AFCA

The China-led Asian Financial Cooperation Association (AFCA), the latest addition to the Belt and Road Initiative (BRI), launched in Beijing on July 24.

According to the state media, China Daily, the newly created organisation, which was officially announced at the Belt and Road Forum in Beijing in May, is designed to “strengthen Asian financial co-operation” and “safeguard regional financial stability”. A total of 107 financial institutions from five continents have signed up to become its

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