"At the end of this annual meeting, I want to sum up what happened in the past three years." On April 24th, at the press conference after the closing of the 2005 annual meeting of Boao Forum for Asia, Ramos, Chairman of the Board of Directors of Boao Forum for Asia and former Philippine President, concluded meaningfully, "We can look back on what Boao was like five years ago, when there was nothing but a small fishing village serving tourists. Through our cooperation, we have seen great changes in this place, we have seen the continuous improvement of the level of participants, and the discussion of existing problems in Asia has also deepened. The changes that have taken place in Boao just reflect the changes that have taken place in our region, not only in East Asia, but also in Asia, including the whole Pan-Asia-Pacific region. Why did this change happen? Because we all agree to forget the past, especially the differences in the past, and focus on the future, the entire Asia-Pacific region should be more peaceful, healthier and more prosperous. "
Boao's transformation from a little-known fishing village in the east of qionghai city to the permanent venue of the Asian Forum has created a mythical miracle. Ramos's words have actually been and are being condensed into a noun-"Hainan Boao Effect".