The People's Bank of China hosted a series of meetings of the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) in Hangzhou on 18–19 June, including the 68th Deputies' Meeting, the 37th Monetary and Financial Stability Committee (MFSC) meeting, the 44th Asian Bond Fund Oversight Committee (EAOC) meeting and the 40th Pan-Asia Index Fund Supervisory Committee (PAIF SC) meeting. Deputy Governor Xuan Changneng chaired the Deputies' Meeting, where participants exchanged views on global and regional economic and financial conditions, monetary policy frameworks and communication strategies in the context of supply-side shocks, risks in non-bank financial institutions, and the impact of artificial intelligence on the economy and financial stability. The meetings also reviewed progress reports from EMEAP working groups and discussed potential reforms and the future development of the EMEAP mechanism. Xuan briefed counterparts on China’s economic and financial conditions and macroeconomic policies, and called for EMEAP economies to strengthen coordination, support a rules-based global trading system and promote stable global and regional economic development.
Central Bank of the Republic of China 2025-06-19
People's Bank of China hosts EMEAP meetings in Hangzhou on monetary policy communication, non-bank risks and AI
The People's Bank of China hosted the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) in Hangzhou, covering economic and financial conditions, monetary policy, and AI's impact on financial stability. Deputy Governor Xuan Changneng emphasized the need for EMEAP economies to enhance coordination and support a rules-based global trading system. The meetings also reviewed EMEAP working group progress and discussed potential reforms.