The idea of the working group, proposed by China, has won broad support from all sides, Xie said, adding that China is willing to implement the consensus reached at the meeting.

All these accomplishments have fully demonstrated commitment of all ASEAN+3 members to strengthen cooperation and seek common prosperity which is significant for safeguarding financial stability and promoting sustainable economic recovery and growth of the region, Xie said.

The Chinese minister said he is confident that, with the deepening regional economic integration, the general trend for East Asian regional financial cooperation will be further intensified and enriched.

"It is our common aspiration to enhance the overall ability of the region to cushion financial shocks and establish an in-depth, highly effective and vivacious financial market."

"We are willing to continue to discuss various ways of deepening regional financial cooperation with all other parties, and make unremitting efforts in safeguarding financial stability and economic integration of the region," he added.

Xie on the same day also presided over a meeting between finance ministers of China, Japan and South Korea, on the sidelines of the 43rd annual meeting of the Board of Governors of the Asian Development Bank.

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