4、金融风险IISummaryThe financial cooperation and financial stability constructionin East Asianhas been builtformore than 10 years. The "Chiang Mai Initiative" has gradually expanded，theregional economic and trade integration has continued to deepen, and financial co
5、operation has also made substantial progress. However, facing the rise of the anti‐globalization trend, the rise of trade protectionism and the new situationofglobal economic and political uncertainty, the Asian region is still facing the threat of the financi
6、al crisis. This article first reviewstherecent progress in the construction of East Asian financial stability mechanism in recent years, analyzes the emerging economic and political situation in East Asia and theexistinginternal and external risks, and draws t
7、he conclusionthat although thecurrentfinancial security in East Asian has improved, there are still factors and hidden dangers that need to be derived from the crisis. It is necessary to strengthen the construction of East Asian regional financial stability me
8、chanism from the aspects of monetary cooperation mechanism, exchange rate coordination, and promotion of AMRO monitoring level to deal with the financial crisis including national,
