The 2^nd ASEAN+3 Task Force Meeting was held in Xiamen, from March 5 to 6. Hosted by China and chaired by China and Malaysia, the co-chairs of 2025 ASEAN+3 Finance Cooperation, the meeting brought together more than 100 representatives from the ministries of finance and central banks of ASEAN+3 countries, the Hong Kong Monetary Authority, the ASEAN+3 Macroeconomic Research Office (AMRO), the ASEAN Secretariat, the Asian Development Bank, and other international institutions. Liao Min, China's Vice Minister of Finance, addressed the meeting via video.

Liao noted that the global economy is facing new uncertainties, with both challenges and opportunities emerging. He emphasized that ASEAN+3 economies should uphold multilateralism, strengthen macroeconomic policy communication and coordination, deepen regional finance cooperation, and ensure the stability and resilience of industrial and supply chains.

Liao said that, over the past two decades, ASEAN+3 Finance Cooperation has achieved significant progress, contributing significantly to regional financial stability and economic prosperity. He stressed that China stands ready to work with all parties to promote the key deliverables proposed by the co-chairs, advance the current agenda, and make solid preparations for the upcoming ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in May.

Participants had in-depth discussions, with positive progress, on various topics including strengthening fiscal exchange, updating the Strategic Direction of ASEAN+3 Finance Process, exploring mid- and long-term policy adjustment instruments, collaborating on Disaster Risk Financing in Southeast Asia, expanding the ASEAN+3 Financial Thinktank Network, strengthening the regional financial safety net, and establishing a rapid financing facility.