Former UN Secretary General Ban Ki-moon was elected as Chairman of Boao Forum for Asia replacing Japan’s Yasuo Fukuda. Former governor of People’s Bank of China Zhou Xiaochuan was appointed vice-chairman. Both the appointments took place during second session of annual Boao Forum, known as “Asian Davos” underway in China’s Hainan province. Ban Ki-moon is South Korean diplomat and was eighth Secretary-General of United Nations from January 2007 to December 2016.
The second Boao Forum will see participation of more than 2,000 political and economic leaders, including heads of large multinational firms. This year forum will be attended by UN Secretary General Antonio Guterres, International Monetary Fund (IMF’s) Managing Director Christine Lagarde, Austrian President Alexander van der Bellen and Philippines President Rodrigo Duterte.
Boao Forum for Asia (BFA)
BFA is non-profit organisation that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision on most pressing issues in this dynamic region and world. It is modelled on annual World Economic Forum (WEF) held annually in Davos, Switzerland.
The Forum is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals. It was established in 2001. Its first meeting was held in April 2002 and since then it is held annually. Its fixed address is held annully in Bo’ao, Hainan province, China although Secretariat is based in Beijing. The forum sometimes is known as the “Asian Davos”. It takes its name from town of Boao in China’s southern Hainan province, which has been permanent venue for its annual conference since 2002.