The first meeting of the China-Canada Financial Working Group took place in Beijing on April 3. The People’s Bank of China released a statement about the gathering on Saturday. Pan Gongsheng, governor of the PBC, co-chaired the meeting alongside Francois-Philippe Champagne, Canada’s minister of finance. Senior representatives from both central banks and top financial regulatory authorities attended the session.
Established in January 2026, the working group provides an institutionalized channel for bilateral financial exchanges. The two countries can now discuss monetary policy, financial markets, and financial stability through this mechanism. Financial regulation, anti-money laundering, cross-border capital flows, and global financial governance also fall under the group’s mandate. This institutional framework represents a meaningful step in financial dialogue advances between the two nations.
The first meeting marked an important outcome of recent high-level engagements between China and Canada. Financial authorities from both sides exchanged views on the global macroeconomic outlook and current monetary policy stances. They also discussed financial regulation, financial market development, and global financial governance. Responses to rising uncertainty received significant attention during the talks.
Both sides agreed that stronger exchanges between regulators would bring clear benefits. Closer cooperation helps foster a stable and predictable business environment for financial institutions. It also promotes economic and trade ties between the two countries. The meeting confirmed that the second gathering will take place in the second half of this year. Continued financial dialogue advances through these regular meetings will help manage shared challenges. Global economic uncertainty makes such bilateral channels increasingly valuable for both nations.
