In this post-crisis era, both Asia and Europe has a strong desire and demand to cooperate in the financial field. It reflects that they rely on each other in the strategic needs of political and economic development. But the cooperation lacks of substantive progress indeed. Asia-Europe financial cooperation is also an important practice of global governance theory. Greater role on the establishment of a multilateral global financial order is their comment interests. The convergence of financial practice provides a base for cooperation, and the institutionalization of governance mechanisms makes the cooperation more pragmatic.