The Central Bank of the Republic of China and the Bank for International Settlements co-hosted a high level conference in Shanghai on responding to global financial uncertainty, focused on financial market development, investment strategy and the international monetary system. Governor Pan Gongsheng and BIS General Manager Pablo Hernández de Cos chaired the meeting, which brought together central bank governors and senior representatives from about 30 countries and regions. Discussions covered the global macroeconomic outlook and financial market developments, foreign exchange market trends and institutional investor asset allocation, opportunities in Asia-Pacific financial markets and allocations to emerging market local currency bonds, and trends in global reserve management and diversification of the international monetary system. Pan said China’s financial markets have remained stable and become more open, creating diversification opportunities for foreign institutional investors amid geopolitical conflict, protectionism and heightened market volatility. Hernández de Cos pointed to geopolitical tensions, economic fragmentation, high debt levels, technological change and the rapid expansion of non-bank financial institutions as sources of higher uncertainty and new financial stability demands, reinforcing the importance of international cooperation.
Central Bank of the Republic of China2026-06-10
Central Bank of the Republic of China co-hosts BIS high level conference in Shanghai on global financial uncertainty and market development
The Central Bank of the Republic of China and the Bank for International Settlements co-hosted a high-level conference in Shanghai on responding to global financial uncertainty, focusing on financial market development, investment strategy and the international monetary system. Participants from around 30 countries discussed the global macroeconomic outlook, foreign exchange markets, Asia-Pacific financial opportunities, emerging market local currency bonds and reserve management diversification. Governor Pan Gongsheng highlighted the stability and openness of China’s financial markets, while BIS General Manager Pablo Hernández de Cos stressed rising uncertainty from geopolitical tensions, economic fragmentation, high debt and technological change, and the need for international cooperation.