Boao Forum for Asia Annual Conference 2026 holds plenary in Hainan

The Boao Forum for Asia Annual Conference 2026 started a plenary on Thursday in Boao, south China's Hainan Province.

Zhao Leji, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the National People's Congress Standing Committee, attended the event and delivered a keynote speech.

"First of all, on behalf of the Chinese government, I would like to extend warm congratulations on the convening of this annual conference, my sincere welcome to all the guests attending the meeting, and my heartfelt gratitude to you for your long-term care and support for China's development," said Zhao in the speech.

Founded in 2001, the Boao Forum for Asia (BFA) is a non-governmental and non-profit international organization committed to promoting regional economic integration and bringing Asian countries closer to their development goals.

Running from March 24 to 27, this year's conference is themed "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation."

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 145 pips to 6.9056 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.