According to news from the People's Bank of China on April 4, the first meeting of the China-Canada Financial Working Group was held in Beijing on April 3. The meeting was co-chaired by Pan Gongsheng, Governor of the People's Bank of China, and Champagne-Philippe, Minister of Finance of Canada. High-level representatives from the People's Bank of China, the State Administration of Financial Supervision, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, as well as the Canadian Department of Finance, the Bank of Canada, the Canadian Financial Institutions Regulatory Authority and other financial management departments attended the meeting.
Photo by Shanghai Securities News reporter Shi Li
Photo by Shanghai Securities News reporter Shi Li
The China-Canada Financial Working Group was established in January 2026 to provide institutionalized and professional communication channels for exchanges between China and Canada on financial and monetary policy, financial markets, financial stability and supervision, anti-money laundering, cross-border capital flows, and global financial governance. The convening of the first meeting of the working group is one of the important results of the recent high-level exchanges between China and Canada.
Photo by Shanghai Securities News reporter Shi Li
At the meeting, the financial management departments of both sides exchanged views on the global macroeconomic situation, monetary policy, financial supervision, financial market development, global financial governance, and coping with growing uncertainty. Both sides agreed that strengthening exchanges between regulatory agencies and financial institutions will help create a stable and predictable business environment and promote economic and trade exchanges between the two countries. Both sides recognize that the financial sector plays an important role in promoting economic growth and promoting bilateral trade and investment, and believe that strengthening communication between the financial management departments of both parties is of positive significance.
Photo by Shanghai Securities News reporter Shi Li
As a supporting activity of the China-Canada Financial Working Group, the China-Canada Financial Working Group held a roundtable meeting with financial institutions. Pan Gongsheng, Governor of the People's Bank of China, presided over the meeting. Li Yunze, Director of the State Financial Supervision and Administration Bureau, Liao Min, Deputy Minister of Finance, Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, Xuan Changneng, Deputy Governor of the People's Bank of China, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission, Canadian Finance Minister Champagne-Philippe, Bank of Canada Governor Macklem, Canadian Ambassador to China Theresa May, and Canadian Financial Institutions Regulatory Authority Director Routledge attended the meeting. The financial management departments of both sides listened to and responded to the suggestions and demands of financial institutions of the two countries on topics such as financial market development, cooperation opportunities, and innovation in the financial field. Principals and senior managers of China Investment Corporation, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, China Everbright Group, China Life Insurance Group, etc., as well as financial institutions such as Manulife Financial Group, Bowen Asset Management, Sun Life Financial Group, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, etc. attended the meeting.
Photo by Shanghai Securities News reporter Shi Li
