Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»U.S., China sign agreement to cooperate on financial stability
Finance

U.S., China sign agreement to cooperate on financial stability

August 19, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China’s VC playbook is changing as U.S. IPO exits get tougher
Share
Facebook Twitter LinkedIn Pinterest Email

A financial institution worker rely China’s renminbi (RMB) or yuan notes subsequent to U.S. greenback notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.

Athit Perawongmetha | Reuters

BEIJING — The U.S. and China final week signed agreements for cooperating on monetary stability, in keeping with a Individuals’s Financial institution of China readout Monday.

The settlement was a part of a gathering of the U.S.-China Monetary Working Group in Shanghai on Thursday and Friday. Brent Neiman, deputy below secretary for worldwide finance on the Treasury Division, and Xuan Changneng, deputy PBOC governor, co-lead the working group.

The 2 sides additionally exchanged an inventory of individuals to contact within the occasion of economic stress or danger occasions, the PBOC readout mentioned. A Treasury readout was not out there as of early Monday afternoon Beijing time.

Representatives from the Federal Reserve, U.S. Securities and Trade Fee, Nationwide Monetary Regulatory Administration and China Securities Regulatory Fee additionally attended, the PBOC mentioned.

The readout described the dialog as “skilled, pragmatic, candid and constructive,” in keeping with a CNBC translation of the Chinese language assertion. Subjects mentioned included capital markets, cross-border funds and the 2 nations’ financial coverage, particularly within the context of China’s just lately concluded Third Plenum assembly, the PBOC readout mentioned.

Mobius: Negative news in China has been discounted

Technical consultants reported on every nation’s systematically essential world banks, monetary establishments’ operational resilience and local weather danger stress testing.

China’s authorities bond market noticed heighted volatility earlier this month amid a report of PBOC intervention. Central financial institution governor Pan Gongsheng mentioned Thursday through state media that China’s monetary dangers have dropped, together with from native authorities debt.

Final week, U.S. and Chinese language monetary establishments additionally met of their first roundtable assembly below the framework of the working group, the PBOC mentioned, with out offering particular names. The establishments shared potential cooperation alternatives and mentioned how finance might contribute to sustained progress.

U.S. Treasury Secretary Janet Yellen and Chinese language Vice Premier He Lifeng launched financial and monetary working teams in September 2023 by means of which Treasury officers would meet commonly at a vice minister stage with the Ministry of Finance and PBOC, respectively.

Source link

agreement China Cooperate financial sign stability U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

American Resources and ReElement Technologies expand antimony refining contract

May 30, 2025

AbbVie Inc. (ABBV)’s Pipeline Advances with Temab-A and ABBV-706, Shares Flat

May 30, 2025

What a federal trade court block on Trump tariffs means for consumers

May 30, 2025

Heavy-duty truck parts maker, distributor to close after 46-year run

May 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

American Resources and ReElement Technologies expand antimony refining contract

May 30, 2025

Coordinated searches at multiple locations across Kashmir as post-Pahalgam terror crackdown continues | India News

May 30, 2025

‘I am open to what the future…’: What Dhanashree Verma’s response to hate and name-calling after divorce from Yuzvendra Chahal tells us about healing from emotional trauma | Feelings News

May 30, 2025

‘No doubt in my mind he’s going to play big hand in final’: AB de Villiers on Virat Kohli | Ipl News

May 30, 2025
Popular Post

24-member IRDAI panel to develop insurance cover for rural population

Manager opens fire in break room, killing 6

Is Marathon Petroleum Corporation (MPC) the Best Oil Stock to Invest in According to Billionaires?

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.