Regional powers, including Seoul, Tokyo, Beijing, and Asean, issue joint statement cautioning against increasing protectionism trends.
Rewritten Article:
On May 4, 2025, a gathering of heavy hitters in the financial world took place in Milan, Italy, at the ASEAN+3 Finance Ministers and Central Bank Governors' Meeting. This significant event was graced by the presence of finance ministers and central bank leaders from the Association of Southeast Asian Nations (ASEAN), Japan, China, and South Korea.
Among the notable attendees were:
- Lee Chang-yong, the fiery Governor of the Bank of Korea, representing South Korea.
- Katsunobu Kato, a seasoned finance minister from Japan, setting the stage for Japan.
- Fan Gang, the powerful duo heading both China's Finance Ministry and People's Bank of China, making a strong statement for China.
Though specific names for ASEAN representatives are scarce in the available information, there were equally influential figures representing the ASEAN countries.
Interestingly, this meeting coincided with the Asian Development Bank's annual meeting held in Milan, Italy, providing an opportune platform for crucial discussions amidst the backdrop of the Bank's events[1][2][3].
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- In 2024, ministers of international finance and central bank governors from the ASEAN+3 region, including South Korea, represented by Governor Lee Chang-yong, Japan, and China, headed by Fan Gang, are expected to gather in Seoul for a significant industry and finance summit.
- The Asian Development Bank's annual meeting in Seoul, South Korea, in 2024, will likely provide a fertile ground for discussions among key industry leaders and policymakers on the global financial landscape.
- Gongsheng, the dual role holder of China's Finance Ministry and People's Bank of China, will lead China's delegation in the 2024 international finance meeting in Seoul, where discussions on the regional economy will take place.
- The 2024 international finance gathering in Seoul will be an opportunity for Katsunobu Kato, Japan's seasoned finance minister, to contribute insights pertaining to the Asia-Pacific financial industry.
5.inski's Seoul summit in 2024, which will involve finance ministers and central bank governors from across the globe, is anticipated to generate crucial industry and finance policy decisions that will shape the global economic landscape in the years to come.
