The article explores financial cooperation between China and Central Asian countries. China has a strong financial system, while Central Asian countries are working to improve theirs. The study shows that the cooperation has the potential to enhance regional financial development by promoting stability, accessibility, and efficiency. China is more advanced in financial institutions and markets compared to Central Asian countries. To strengthen the financial systems, the region needs mechanisms to improve financial market access and efficiency. The goal is to shift from a simple cooperation model to an institutional integration model through the establishment of a regional financial institution.