Tuesday, 11 May 2021 05:43 GMT

Incorporation of Asian fiscal markets moving ahead

( MENAFN )According to a statement issued by the Boao Forum for Asia (BFA) Sunday, April 18, the integration of Asian fiscal markets is moving ahead progressively.

The BFA Asian Economic Outlook and Integration Progress Annual Report 2021 says that in 2019, the collection of assets involved by Asian countries' financial markets augmented by 14.24 percent, and 22 percent of the finances came from Asia itself.

According to the report, portfolio asset from China and into China augmented by 29.73 percent and 21.27 percent, correspondingly.

The statement revealed that "Asian economies actively promote currency cooperation and infrastructure interconnection. The scale of bilateral currency swaps has reached more than 240 billion U.S. dollars, and domestic currency cooperation among Asian economies is promoted".

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