The first meeting of the Sino-British Financial Working Group was held in Beijing.

Recently, the first meeting of the China-UK Financial Working Group was held in Beijing. At the meeting, the financial authorities from both sides had in-depth exchanges on topics such as the global macroeconomic situation and financial stability, financial regulation, development and connectivity of financial markets, anti-money laundering, and collaboration on counterfeit currency, reaching multiple practical cooperation outcomes. Both sides agreed that the China-UK Financial Working Group will play a positive role in promoting exchanges between financial authorities, advancing the development and innovation of financial markets, and maintaining financial stability in both countries. The China-UK Financial Working Group was established in May 2025, with the aim of providing an institutionalized platform for normal communication and coordination in the field of financial policies between the two countries, and to promote substantive cooperation outcomes. The convening of the first meeting of the Working Group is one of the important results of recent high-level exchanges between China and the UK. The relevant information and outcomes of the meeting will be reported to the co-chairs of the China-UK Economic and Financial Dialogue. As a complementary activity of the China-UK Financial Working Group, a roundtable meeting was held with financial institutions. Pan Gongsheng and Lucy Rigby attended the meeting and delivered speeches, with Pan Changeng, Deputy Governor of the People's Bank of China, chairing the meeting. Deputy Minister of the Ministry of Finance, Liao Min, Deputy Director of the China Banking and Insurance Regulatory Commission, Fu Wanjun, Deputy Chairman of the China Securities Regulatory Commission, Li Ming, Deputy Director of the State Administration of Foreign Exchange, Xu Zhibin, Deputy Governor of the Bank of England and Director of the Prudential Regulation Authority, Woods, Chairman of the Financial Conduct Authority, O'Dareli, and Director-General of the International Affairs Department of the UK Treasury, White, attended the meeting. The financial authorities of both sides listened to suggestions and demands from major financial institutions on topics such as the development of financial markets, cooperation opportunities, and innovation in the financial sector, and responded accordingly. Senior executives from financial institutions such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank Corporation, BANKCOMM, PICC GROUP, as well as HSBC Group, STANCHART, Aviva Group, PRU Group, Schroders global Group, London Stock Exchange Group, and the City of London attended the meeting. This article is excerpted from the "People's Bank of China" official account, edited by GMTEight: Jiang Yuanhua.