Pan, Villeroy de Galhau discuss global economic challenges
People's Bank of China Governor Pan Gongsheng met with Banque de France Governor François Villeroy de Galhau to exchange views on the global economic situation and financial cooperation. Both governors emphasized the importance of strengthening strategic communication and upholding multilateralism in a complex international environment.
Pan emphasizes multilateralism and financial openness
People's Bank of China Governor Pan Gongsheng highlighted the positive progress in Sino-French relations and cooperation, guided by the strategic leadership of both countries' heads of state.
He noted that the global economy faces multiple challenges, including geopolitical conflicts, necessitating stronger international collaboration.
Governor Pan stressed that China and France, along with the European Union, should enhance strategic communication.
This is crucial for jointly upholding multilateralism and working together to build a global financial governance system that is more fair, just, inclusive, and resilient.
Such a system is essential for navigating current economic headwinds and promoting stability.
Pan also reaffirmed China's firm commitment to opening its financial sector, welcoming financial institutions from France and other countries to deepen their presence in the Chinese market.
He stated the PBOC's readiness to continue deepening exchanges and cooperation with the Banque de France, aiming to advance Sino-French and Sino-European financial cooperation to a new level.
Villeroy de Galhau echoes cooperation call
Banque de France Governor François Villeroy de Galhau acknowledged the profound significance of deepening Sino-French and Sino-European cooperation, particularly within the current complex and evolving international environment.
He emphasized the Banque de France's strong commitment to its cooperative relationship with the People's Bank of China.
Governor Villeroy de Galhau expressed a dedication to further strengthening communication and coordination between the two central banks.
This collaborative approach aims to jointly advocate for continuous improvements in global economic and financial governance, ensuring a more stable and equitable international financial system.
Following the bilateral meeting, Governor Villeroy de Galhau delivered an academic lecture at the PBOC, fostering further intellectual exchange with staff.