Hey there, global finance enthusiasts! 🌍💸 Big news from Nanjing, where the Chinese mainland and the US just wrapped up their 7th Financial Working Group meeting! From December 15 to 16, top financial minds sat down to discuss all things money. 🤑
Leading the convo were Xuan Changneng, deputy governor of the People's Bank of China (PBOC), and Brent Neiman, assistant secretary for international finance at the US Department of the Treasury. Quite the powerhouse duo, right?
Financial regulators from both sides joined in, including the National Financial Regulatory Administration and the China Securities Regulatory Commission from China, and the Federal Reserve plus the Securities and Exchange Commission from the US. Talk about a dream team! ✨
They dived into topics like macroeconomic trends, monetary policies, financial stability, and even tackled issues like anti-money laundering and combating the financing of terrorism. Serious stuff, but super important for keeping the global economy humming! 🌐
And guess what? They also updated a memorandum of understanding between China's National Financial Regulatory Administration and the US Federal Insurance Office to boost communication and cooperation in the insurance sector. 🤝
All in all, it was a productive and constructive meetup, strengthening ties between these two economic giants. Can't wait to see the positive ripple effects! 🌊
Reference(s):
cgtn.com
