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Keynote speech - Hong Kong Monetary Authority-Bank for International Settlements High-Level Conference

· Pan Gongsheng, Governor of the People's Bank of China (China)

Summary written by Dark Majestic in its own words · topics: financial stability, growth, investment and productivity

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· Pan Gongsheng Wiki · People's Bank of China WikiKeynote speech - Hong Kong Monetary Authority-Bank for International Settlements High-Level Conference

ContextKeynote speech by Pan Gongsheng, Deputy Governor of the People's Bank of China, at the HKMA-BIS High-Level Conference, Hong Kong, 28 November 2023.

Why it mattersPan calls for closer financial cooperation with the US and the EU.

Problems raised
  1. Global growth and financial stability face headwinds.
  2. Coordination between major economies is weak.
  3. Financial cooperation with the US and EU needs strengthening.
Solutions proposed
  1. Strengthen macroeconomic policy dialogue among major economies.
  2. Deepen practical financial cooperation with the US and the EU.
  3. Support Hong Kong's role as an international financial centre.
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