Former UN Secretary-General Ban Ki-moon (Photo: EPA/VNA)

Accordingly, Mr. Ban Ki-moon will replace former Japanese Prime Minister Yasuo Fukuda.

Chinese Vice Foreign Minister Li Baodong was appointed BFA Secretary-General, which was announced after the meeting of the newly elected BFA board.

This year's BFA is being held from April 8th to 11th in Boao, a town in the southern island province of Hainan China.

Founded in 2001, the BFA is a non-profit organization 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, modeled after the World Economic Forum held annually in Davos, Switzerland, has its fixed address in Bo'ao, Hainan province, China, although the Secretariat is based in Beijing. The Forum inherits its name from the town of Boao, which has been the permanent venue for its annual conference since 2002.

it is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals.

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. In addition to its annual meeting, the BFA also sponsors other forums and meetings related to Asian issues./.

Compiled by BTA