Canada-China financial group launches, discusses policy and stability
The inaugural meeting of the Canada-China Financial Working Group was held in Beijing on April 3, 2026. Co-chaired by People's Bank of China Governor Pan Gongsheng and Canadian Finance Minister François-Philippe Champagne, the group discussed financial and monetary policies, and stability.
High-level dialogue on economic cooperation
The Canada-China Financial Working Group (FWG) was established as a key outcome of the Canada-China Economic and Trade Cooperation Roadmap, agreed by leaders in January 2026.
Its inaugural meeting took place in Beijing on April 3, 2026, co-chaired by People's Bank of China Governor Pan Gongsheng and Canadian Finance Minister François-Philippe Champagne.
Vice Premier He Lifeng also attended a joint roundtable with financial institutions.
The FWG provides a structured and technical channel to enhance bilateral engagement on financial and monetary policies, financial markets, stability, regulation, anti-money laundering, cross-border capital flows, and global financial governance.
Senior officials from the PBOC, NFRA, CSRC, and SAFE represented China, while Canada was represented by the Bank of Canada, OSFI, and the Department of Finance.
Fostering stable financial ties
Financial authorities from both Canada and China exchanged views on global economic developments, monetary policy, and strategies for navigating uncertainty.
They also discussed financial regulatory policy, institutional mandates, market developments, and global financial governance.
Both sides recognized the value of engagement between regulators and financial institutions to deepen business relations and promote a stable and predictable business environment.
They reaffirmed the financial sector's vital role in economic growth and facilitating two-way trade and investment.
The nations agreed to convene the next FWG meeting in the second half of this year to continue these professional and in-depth exchanges.
Formalizing a critical relationship
The inaugural meeting formalizes financial ties between two major global economies.
It creates a crucial platform for addressing complex global financial challenges and fostering mutual understanding on policy and regulation.
While immediate outcomes are procedural, the long-term implications for enhancing trade, investment, and regulatory alignment are substantial.