From December 15 to 16, 2025, the United States, which holds the rotating presidency of the G20, held its first G20 finance and central bank deputy meeting during its term in Washington, D.C. The conference discussed the 2026 G20 financial channel work schedule and key topics. Deputy Governor Xuan Changneng of the People's Bank of China attended the meeting and delivered a speech. Xuan Changneng pointed out that China firmly supports multilateralism and is willing to work with all parties to better play the role of the G20 financial channel, strengthen macroeconomic policy coordination, and promote global economic growth. Tariffs cannot effectively resolve global imbalances. Countries with deficits should speed up domestic policy adjustments and achieve global rebalance. China supports improving the business environment through regulatory modernization, but important financial supervision standards such as Basel III should not be weakened. China is actively implementing the “G20 Cross-border Payment Roadmap”, promoting the interconnection of rapid payment systems on the basis of meeting international anti-money laundering standards, improving the efficiency of cross-border payments and reducing transaction costs. China is ready to share with all parties its successful experience in popularizing national financial education and carrying out anti-fraud propaganda. Xuan Changneng focused on the content of the “15th Five-Year Plan” plan proposal and the spirit of the Central Economic Work Conference. In the future, China will further comprehensively deepen reforms and expand high-level opening-up to the outside world. At the same time, China will adhere to domestic demand leadership, build a strong domestic market, and unleash the potential for service consumption. The People's Bank of China will continue to implement a moderately loose monetary policy to create a favorable monetary and financial environment for steady economic growth, high-quality development, and stable operation of the financial market. During the meeting, Xuan Changneng met with representatives of the central banks and the Ministry of Finance of the countries concerned to exchange views on issues such as bilateral financial cooperation.

From December 15 to 16, 2025, the United States, which holds the rotating presidency of the G20, held its first G20 finance and central bank deputy meeting during its term in Washington, D.C. The conference discussed the 2026 G20 financial channel work schedule and key topics. Deputy Governor Xuan Changneng of the People's Bank of China attended the meeting and delivered a speech. Xuan Changneng pointed out that China firmly supports multilateralism and is willing to work with all parties to better play the role of the G20 financial channel, strengthen macroeconomic policy coordination, and promote global economic growth. Tariffs cannot effectively resolve global imbalances. Countries with deficits should speed up domestic policy adjustments and achieve global rebalance. China supports improving the business environment through regulatory modernization, but important financial supervision standards such as Basel III should not be weakened. China is actively implementing the “G20 Cross-border Payment Roadmap”, promoting the interconnection of rapid payment systems on the basis of meeting international anti-money laundering standards, improving the efficiency of cross-border payments and reducing transaction costs. China is ready to share with all parties its successful experience in popularizing national financial education and carrying out anti-fraud propaganda. Xuan Changneng focused on the content of the “15th Five-Year Plan” plan proposal and the spirit of the Central Economic Work Conference. In the future, China will further comprehensively deepen reforms and expand high-level opening-up to the outside world. At the same time, China will adhere to domestic demand leadership, build a strong domestic market, and unleash the potential for service consumption. The People's Bank of China will continue to implement a moderately loose monetary policy to create a favorable monetary and financial environment for steady economic growth, high-quality development, and stable operation of the financial market. During the meeting, Xuan Changneng met with representatives of the central banks and the Ministry of Finance of the countries concerned to exchange views on issues such as bilateral financial cooperation.