Collaboration Framework: Building a Multi-Dimensional Cooperation System Centered on Digital Intelligence and Innovation - The China-ASEAN Expo (CAEXPO) has become a significant platform for cooperation between China and ASEAN, with the 22nd CAEXPO held in Guangxi from September 17-21, 2025, focusing on "Digital Empowerment for Development, Innovation Leading the Future" [5][6] - The expo featured over 3,260 enterprises from 60 countries, marking a historical high in scale and participation, with a significant emphasis on high-level political and business engagement [6][7] - The CAEXPO showcased a dedicated AI pavilion with over 1,200 exhibits, where AI-related products accounted for more than 50% of the total exhibits, highlighting the integration of advanced technology into various sectors [12][13] Capital Market: Major Indices Rise, Bond Market Shows Moderate Volatility - From September 1 to 19, 2025, ASEAN major stock indices exhibited a mixed performance, with gains ranging from -1.35% to +4.07%, led by Indonesia (+4.07%) and Thailand (+3.88%) [19][20] - The ASEAN currencies strengthened against the US dollar during the same period, with notable appreciation in the Thai Baht (1.40%) and Malaysian Ringgit (0.44%) [28] - The bond markets in ASEAN showed moderate fluctuations, with Malaysia's 10-year government bond yield remaining stable between 3.39% and 3.43%, reflecting market confidence in its economic stability [32][33] Cooperation with China: Upgrading Institutional Framework and Expanding Diverse Industries - The China-ASEAN Free Trade Area 3.0 agreement is set to be signed in October 2025, marking a significant institutional upgrade in bilateral economic cooperation [37][39] - High-level interactions between Chinese and ASEAN leaders have intensified, enhancing political trust and paving the way for practical cooperation in trade, security, and cultural exchanges [39][40] - The focus of cooperation is shifting towards digitalization and green development, with practical measures in cross-border e-commerce, smart manufacturing, and educational collaboration being implemented [41][42]