BEIJING, Nov. 10 (Xinhua) -- The People's Bank of China (PBOC), the Chinese central bank, will continue to actively take part in international economic and financial governance to support building an open world economy, reported Xinhua Finance citing Xuan Changneng, vice governor of PBOC on Thursday.
Xuan made the remarks on November 8 during the Annual Conference of Financial Street Forum 2023, stressing that against the backdrop of the inevitably deepening economic globalization, opening, cooperation and mutual benefits are wise choices for all.
PBOC will also maintain and enhance macro-economic and financial policy dialogues and coordination with other countries, in particular the major economies, to contribute to building the open world economy.
Currently, the global economy faces multiple challenges and lingering uncertainties. The sluggish recovery momentum, accumulating effects of global liquidity tightening, potential financial risks, extreme climate events and others are factors to weigh on the future global economic growth, according to Xuan.
Under such complicated global situations, Xuan expressed hopes for countries around the world to strengthen dialogues and cooperation, proposing at the same time work of four aspects including enhancing pragmatically global macro-economic and financial policy dialogues and coordination, promoting global financial governance reform, upholding the authority and effectiveness of multilateral trade system and deepening international cooperation in green finance sector.
Xuan noted that PBOC is willing to share Chinese experience with other countries and strengthen communication and cooperation in green financial standards, and environmental information disclosure.
PBOC will actively optimize with related countries the financial policy frameworks and enrich related financial products to facilitate the green and low-carbon transformation of high-mission industries and businesses. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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