Research On The Economic Growth Effects Brought About By China-ASEAN Financial Cooperation And Changes In Financial Structure

Financial crisis happened in the years of 1997~2007 is the most fundamental reason for China's further deepening financial cooperation with the ASEAN,and the successful cases and fruitful results of economic integration of the EU and China-ASEAN free trade area have become the booster for strengthening financial cooperation between China and the ASEAN countries.“One Belt And One Road” initiative and the establishment of the Asian Infrastructure Investment Bank also have provided funds and specify direction for financial cooperation between China and the ASEAN.The existing objective conditions and the subjective demand indicate that deepen ing financial cooperation admits of no dela y both for China and the ASEAN.This paper elaborates the selected topic background(after the Asian financial crisis,especially in East Asian region,the realistic background,categories and current situation of strengthen ing financial cooperation between China and the ASEAN),by expounding the problems concerned(defects and deficiencies existed in China-ASEAN financial cooperation),and then points out the research significance(analyzes the economic growth effect s brought by the financial cooperation between China and the ASEAN)and purpose(to strengthen fin ancial cooperation with the ASEAN and remove the doubts from Southeast Asian nations to China)of the paper.Finally,the research conclusion is put forward based on the summarizing the whole paper.In the analysis of existing defects of current financial cooperation between China and the ASEAN,the author has found out that some problems needed to be resolved urgently,i.e.there are man y problems that need to be solv ed in the cooperation s of security market,monetary integration and financial supervision.Meanwhile,the author also has found out the strong vision and deepen ing financial cooperation efforts between China and the ASEAN,which indicate that strengthening the cooperation on the securities market,the necessity of deepening financial regulatory cooperation mechanism and concrete implementation wa ys.Through the empirical test analysis on economic growth effect s brought b y financial structural changes in the procedure of the financial coo peration between China and the ASEAN,the paper concludes that the financial cooperation can promote the financial development and improve financial structure,which have great positive influence for the economi c development of relevant countries,at the same time,can provide data to support financial cooperation for China and the ASEAN.Finally in the research conclusion,the paper summarizes the problems encountered in China-ASEAN financial cooperation and put forward the policy proposal,so as to remove the concerns of the countries concerned,and then provides the theoretical basis and policy recommendations for deepening financial cooperation.