At the 2025 Lujiazui Forum in Shanghai, Pan Gongsheng, governor of the People's Bank of China, delivered a stirring message about global finance. He pointed out that the shares and voting rights of emerging markets and developing countries in major international financial institutions are far below their actual economic weight.
Pan emphasized that these institutions need to strengthen their economic oversight functions, objectively assess global risks, and guide nations to actively support economic globalization and the multilateral trading system. Such changes aim to maintain stability in the international financial system—a move that resonates with young professionals, entrepreneurs, and anyone curious about the evolving world of finance. 🌍
This call for action comes at a time when global markets face unique challenges and opportunities. It is a wake-up call for all who follow international trends and invest in the future. Stay informed and keep an eye on these dynamic shifts that could shape tomorrow's economy!
Reference(s):
Financial institutions should strengthen economic oversight: PBOC
cgtn.com
