The People's Bank of China and the National Bank of Kazakhstan renewed their bilateral local currency swap agreement, supporting deeper monetary and financial cooperation between the two countries. The agreement is intended to facilitate bilateral trade and investment and help maintain financial market stability. People's Bank of China Governor Pan Gongsheng also met with National Bank of Kazakhstan Governor Timur Suleimenov and Agency for Regulation and Development of the Financial Market Chair Madina Abylkassymova to discuss global economic and financial conditions and bilateral financial cooperation.