The People's Bank of China published an update on Vice Governor Xuan Changneng’s participation in a Bank for International Settlements governors’ meeting in Basel and subsequent meetings with UK financial authorities, focused on international policy dialogue and bilateral monetary and financial cooperation. At the BIS meeting, central bank governors exchanged views on the global economic and financial outlook, improving global cross-border payments, the implications of non-bank financial institutions for monetary policy, and the impact of population ageing on financial stability. In London, Xuan met the UK Treasury, the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority, with discussions covering China-UK monetary and financial cooperation as well as financial stability and regulation; both sides indicated a willingness to further strengthen exchanges and cooperation in the financial sector.
Central Bank of the Republic of China 2025-11-14
People's Bank of China vice governor engages BIS governors meeting and holds UK talks to strengthen monetary and financial cooperation
The People's Bank of China reported Vice Governor Xuan Changneng's participation in a BIS governors' meeting in Basel and meetings with UK financial authorities, focusing on international policy dialogue and cooperation. Discussions included the global economic outlook, cross-border payments, non-bank financial institutions' impact on monetary policy, and population ageing's effect on financial stability. In London, Xuan engaged with UK authorities on China-UK monetary cooperation and financial regulation, with both parties expressing intent to enhance collaboration.