Pan Gongsheng: Geopolitical Fission Creates New Momentum for Global Financial Governance Reform

2026-03-09 11:53:11

Abstract generation in progress

【Caixin】 China has become an indispensable participant in the global economy and financial sector. In a constantly changing world, how can China better open its markets and participate in global financial governance?

On March 6, 2026, Pan Gongsheng, Governor of the People’s Bank of China, stated at the “Fourth Session of the 14th National People’s Congress Economic Theme Press Conference” that opening up the financial industry is an important part of China’s reform and opening-up efforts. The People’s Bank will continue to steadily expand high-level financial openness, serve China’s economic opening-up and high-quality development, and promote the construction of a more fair, just, inclusive, and resilient global financial governance system.

“Of course, in the current international geopolitical environment, these efforts are not easy and face significant challenges, but geopolitical fissures also create new momentum for the transformation of global financial governance,” Pan Gongsheng straightforwardly said.

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