Experts stress policy coordination, reform

Boao panelists underline key lessons learned from 1997 Asian financial crisis

Panelists attending the annual Boao Forum for Asia on Thursday called for domestic financial reforms and financial policy coordination, amid a surge of anti-globalization sentiments and protectionism.

"Countries should enhance domestic reforms while enhancing their policy coordination, to avoid a new round of financial crisis," said Cai Esheng, former vice-chairman of the China Banking Regulatory Commission, at a panel discussion, while looking back on lessons learnt from the Asian financial crisis in 1997.