On June 18–19, 2025, the People’s Bank of China (PBOC) hosted in Hangzhou the 68th Deputies’ Meeting of the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP), the 37th Meeting of the Monetary and Financial Stability Committee (MFSC), the 44th Meeting of the EMEAP Asian Bond Fund Oversight Committee (EAOC), and the 40th Meeting of the Pan-Asia Bond Index Fund Supervisory Committee (PAIF SC).
Deputy Governor Xuan Changneng attended relevant meetings and chaired the 68th EMEAP Deputies' Meeting, exchanged views with fellow deputies on topics including the global and regional economic and financial situations, monetary policy frameworks and communication strategies amid supply shocks, non-bank financial institutions related risks, and the impact of artificial intelligence, received updates from the EMEAP working groups, and discussed EMEAP’s future reform.
Xuan introduced China’s recent economic and financial developments and elaborated on China’s macroeconomic policies. He emphasized that China’s economy remains resilient amid global trade uncertainties, and macroeconomic policies will be more proactive and effective. He noted that EMEAP economies should further strengthen collaboration, speak with a stronger collective voice, uphold a rules-based global trading system, and jointly promote stable economic growth.
