What is the Boao Forum for Asia

The Boao Forum for Asia (BFA; Chinese: 博鳌亚洲论坛; pinyin: Bó'áo Yàzhōu Lùntán) is a 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 the most pressing issues in this dynamic region and the world at large. BFA is modeled after the World Economic Forum held annually in Davos, Switzerland. It has its fixed address in Bo'ao, Hainan province, China, although the Secretariat is based in Beijing. The forum known as the “Asian Davos”, inherits its name from the town of Boao, located in China’s southern Hainan province, which has been the permanent venue for its annual conference since 2002.

Boao forum for Asia 2002

The Forum is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals. Initiated in 1998 by Fidel V. Ramos, former President of the Philippines, Bob Hawke, former Prime Minister of Australia, and Morihiro Hosokawa, former Prime Minister of Japan, the Boao Forum for Asia was formally inaugurated in February 2001. The founding of the BFA was driven by the People's Republic of China and founded by 26 Asian and Australasian states on 27 February 2001. The organisation held its first meeting from April 12–13, 2002.

Discussions at the BFA focus on economics, integration, cooperation, society, and the environment. In the past the forum also addressed China's entry into the World Trade Organization, as well as Southeast Asia's economic crisis during the 1990s. The geopolitical strategy 'China's peaceful rise' was a topic of discussion for the forum in 2004. In addition to its annual meeting, the BFA also sponsors other forums and meetings related to Asian issues.


Boao forum for Asia 2015


The Boao Forum For Asia Annual Conference 2008 was held on April 10–13, 2008. It was attended by heads of government from countries including Australia, Pakistan, Norway and Kazakhstan. It also saw the historic meeting of Taiwan's Republic of China Vice President-elect Vincent Siew, with People's Republic of China president Hu Jintao.


Boao Forum for Asia 2011

The Energy, Resources & Sustainable Development Conference for the organisation was held in Perth, Western Australia, Australia between the 11 and 12 July 2011. The conferences brought together business, industry and political leaders in the region to discuss energy and resource security, development and trade. Australian Foreign Minister Kevin Rudd stated China will invest US 1 trillion dollars abroad and Australia is in a good position to attract capital to develop new mines, infrastructure to service China's insatiable appetite for energy and resources.  Rudd also indicated while Chinese capital is essential for Australia's economic future, China needs to do more in relaxing foreign investment rules for Australian companies such as restrictions on types of businesses, equity restrictions and branch or representative office caps.


Bill Gates, George Soros and Christine Lagarde attended. Xi Jinping delivered the keynote address.


The 2014 forum was held in Hainan, from 8-11 April, 2014, with the official opening address from Chinese premier Li Keqiang on April 10. Indian business tycoon Mr. Ratan Tata was appointed as a member of the Board of Boao Forum. The post is a rare distinction for an Indian in the Chinese government-backed influential body.


Leaders or deputies from 16 countries, including Armenia, Australia, Austria, China, Indonesia, Kazakhstan, Malaysia, Nepal, the Netherlands, Qatar, Russia, Sri Lanka, Sweden, Thailand, Uganda, and Zambia, attended the forum.


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