China called on Monday for greater efforts to strengthen Asian financial cooperation and to safeguard regional financial stability under a newly created organization.

The country has been actively supporting the creation of the Asian Financial Cooperation Association, which was officially announced at the Belt and Road Forum in Beijing in May.

In a letter to the opening ceremony of the association on Monday, Premier Li Keqiang said China hopes the new organization will serve as a platform to deepen financial cooperation, improve financial connectivity and maintain regional financial security and stability, which is crucial for regional development and global economic prosperity.