Xuan discusses currencies, balance sheets and AI in Basel
People's Bank of China (PBoC) Deputy Governor Xuan Changneng joined central bank discussions in Basel on global economic developments, foreign exchange markets, balance sheets and artificial intelligence. He also discussed bilateral financial cooperation.
Currencies and AI share agenda
Deputy Governor Xuan Changneng attended the Bank for International Settlements (BIS) bimonthly meetings of central bank governors in Basel, Switzerland, on November 8–9, 2026.
Participating governors exchanged views on recent global economic and financial developments.
Their discussions also covered foreign exchange market performance, central bank balance sheets and artificial intelligence, alongside other topical issues.
The PBoC account identifies these subjects but does not describe individual participants' positions or report conclusions on them.
It reports Xuan's attendance and the scope of the exchanges, without announcing a policy decision.
Bilateral talks alongside governors' meetings
On the sidelines of the BIS meetings, Xuan met with other representatives to discuss issues of mutual interest and bilateral financial cooperation.
The account does not identify those representatives or their institutions.
It also does not specify cooperation projects, agreements or implementation dates.
These bilateral exchanges accompanied the governors' broader discussions of economic, financial and technological issues at the Basel gathering.
Discussion rather than commitment
The account records an exchange of views rather than a policy decision.
It gives no shared assessment of currencies, balance sheets or artificial intelligence.
Bilateral cooperation is mentioned, but no agreements or commitments are specified.