The first meeting of the China-EU Financial Working Group was held in Beijing

The first meeting of the China-EU Financial Working Group was held in Beijing. This meeting is an important step in strengthening financial cooperation between China and the EU. The meeting was co-chaired by Xuan Changneng, Vice President of the Bank of China, and John Berrigan, Director General of the European Commission’s Financial Stability, Financial Services and Capital Markets Union.

At the meeting, representatives from the State Administration of Financial Supervision, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the European Central Bank and other institutions gathered together to conduct in-depth discussions on financial supervision, financial services and capital market cooperation. The two sides reached consensus on how to strengthen regulatory cooperation, promote financial innovation, expand market opening and other issues.

The establishment of the China-EU Financial Working Group will inject new impetus into China-EU financial cooperation and help both parties achieve more win-win results in the financial field. As the world's second largest economy, and the EU as the world's largest single market, China and the EU have huge potential for cooperation.

In the future, the China-EU Financial Working Group will continue to hold various activities to promote the deepening of China-EU financial cooperation and inject new impetus into the development of the two major economies. We look forward to seeing greater achievements in China-EU financial cooperation and making greater contributions to global financial stability and economic growth.

The establishment of the China-EU Financial Working Group is the result of the joint efforts of China and the EU, and is also a manifestation of the two sides deepening cooperation and promoting common development. We believe that with the joint efforts of both parties, China-EU financial cooperation will achieve more outstanding results and bring new opportunities to the economic development of China and the EU.