Pan Gongsheng, Governor of the People's Bank of China, published the article “Firmly Implementing Global Governance Initiatives and Continuing to Promote the Reform and Improvement of Global Financial Governance” in “Qiushi”. The article said that in the future, the international monetary system may continue to evolve towards a pattern where a few sovereign currencies coexist, compete with each other, and check and balance each other. Whether it is a single sovereign currency or a few sovereign currencies as the dominant international currency, sovereign currency countries need to assume corresponding responsibilities, strengthen domestic fiscal discipline and financial supervision, and push forward structural economic reforms.

Pan Gongsheng, Governor of the People's Bank of China, published the article “Firmly Implementing Global Governance Initiatives and Continuing to Promote the Reform and Improvement of Global Financial Governance” in “Qiushi”. The article said that in the future, the international monetary system may continue to evolve towards a pattern where a few sovereign currencies coexist, compete with each other, and check and balance each other. Whether it is a single sovereign currency or a few sovereign currencies as the dominant international currency, sovereign currency countries need to assume corresponding responsibilities, strengthen domestic fiscal discipline and financial supervision, and push forward structural economic reforms.