Boao Forum for Asia

This photo taken on March 25, 2024 shows a view of the Boao Forum for Asia (BFA) International Conference Center in Boao, south China's Hainan province. [Photo/Xinhua]

Headquartered in China, the Boao Forum for Asia (BFA) is an international organization jointly initiated by 29 member states. BFA holds its annual conference in Boao, Hainan on a regular basis. The founding purpose of BFA was to promote economic integration in Asia. Its mission now is to pool positive energy for the development of Asia and the world.

With the progress of economic globalization and regional integration, Asian countries have been faced with great opportunities as well as severe challenges. This requires them to strengthen cooperation with other parts of the world and enhance mutual exchanges and cooperation. In fact, it is now a common task for them to find a way to cope with the challenges brought about by globalization, to maintain the healthy economic growth of Asia, and to strengthen their coordination and cooperation.

As a whole, Asian countries need a forum that is created truly from the perspective and for the benefit of Asia, and that can be dedicated to the discussion of Asian issues and aimed at enhancing cooperation and exchanges among Asian countries, and between Asian countries and other parts of the world.

The first conference of BFA was held on Feb. 26-27, 2001 in Boao, Hainan province, China. It now has become a high-level dialogue platform for the political, business and academic leaders from Asia and other continents to discuss key Asian and global issues. In the new era, the BFA, based in Asia and with a global outlook, adheres to one running theme of economic development, while expanding into five focal areas including technology innovation, health, education, culture and media in response to the new economy. BFA is committed to contributing to the peace, prosperity and sustainable development of Asia and the world.