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A few observations on global financial governance

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

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, climate, energy and nature

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· Pan Gongsheng Wiki · People's Bank of China WikiA few observations on global financial governance

ContextKeynote speech by Pan Gongsheng, Governor of the People's Bank of China, at the 16th Lujiazui Forum "Financial openness, cooperation, and high-quality development amid global economic changes, Shanghai, 18 June 2025.

Why it mattersChina's governor calls for stronger global financial governance on crypto and climate risks.

Problems raised
  1. Global financial governance lags.
  2. Crypto assets are poorly regulated globally.
  3. Climate risk rules are uneven.
Solutions proposed
  1. Implement agreed regulatory reforms.
  2. Coordinate crypto regulation.
  3. Bridge regulatory gaps internationally.
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