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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
A view of Beijing Financial Street, March 9, 2023. /CFP
The third meeting of the China-U.S. financial working group was held in Beijing on January 18 and 19.
The working group is a dedicated financial exchange mechanism which serves to transform the high-level agreements reached by their leaders in Bali into concrete action.
The meeting was co-chaired by People's Bank of China Vice Governor Xuan Changneng and Deputy Under Secretary for International Finance at the U.S Department of the Treasury Brent Neiman.
The two sides held constructive discussions on a range of issues, including monetary and financial stability, financial regulation, cross-border payments and data, among others.
The meeting also heard from technical experts on bank stress testing and resolution mechanisms for global systemically important banks.
The two sides agreed to continue communication and cooperation.
Moreover, He Lifeng, Chinese Vice Premier and China's lead person for China-U.S. economic and trade affairs, met with the U.S. delegation of the China-U.S. financial working group in Beijing on Friday. He called for building healthy, stable and sustainable bilateral relations.