Deepening financial cooperation in Asia

27 March 2024 · Pan Gongsheng, Governor of the People's Bank of China (China)

Summary written by Dark Majestic in its own words · topics: financial stability

27 Mar 2024 · Pan Gongsheng Wiki · People's Bank of China WikiDeepening financial cooperation in Asia

ContextKeynote speech by Pan Gongsheng, Governor of the People's Bank of China, at the Boao Forum for Asia Annual Conference 2024, Session "Deepening Financial Cooperation in Asia", Boao, 27 March 2024.

Why it mattersPan calls for a stronger Asian safety net through the Chiang Mai Initiative.

Problems raised

Asia faces external shocks.
The regional safety net needs strengthening.
Systemic risks must be prevented.

Solutions proposed

Improve the Chiang Mai Initiative.
Strengthen global, regional and bilateral safety nets.
Prevent systemic financial risks.

Read full speech on bis.org ↗

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