Note: This article was originally published in China Daily on 15 June 2020. Dr Lurong Chen was quoted.

Financial technology is essentially borderless, and this key characteristic is strengthening links between global financial centers and producing more opportunities for collaboration and integration. Chen Lurong, an economist with the Economic Research Institute for ASEAN and East Asia, or ERIA, based in Jakarta, Indonesia, said, "Technological progress brings everyone closer and makes the world 'flatter' than ever before."

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Sector's Development Poised to Open more Doors for Asian Financial Centers