China’s Central Bank Governor, Pan Gongsheng, Attends BIS Meeting and Elected as Director

From September 9th to 11th, the Bank for International Settlements (BIS) held its annual meeting of central bank governors in Basel, Switzerland. During this significant gathering, Pan Gongsheng, the Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange, represented China and was elected as a Director of the BIS through a vote.

The central bank governors in attendance engaged in discussions on various critical topics, including the global economic and financial situation, and international financial stability. This meeting provided an invaluable platform for leaders from around the world to exchange insights and collaborate on key matters of global economic importance.

Accompanying Governor Pan Gongsheng was Deputy Governor of the People’s Bank of China, Xuan Changneng, further emphasizing China’s active participation and commitment to international financial cooperation.

The Bank for International Settlements, often referred to as the “central bank for central banks,” plays a pivotal role in fostering cooperation among central banks and promoting monetary and financial stability on a global scale. The election of Governor Pan Gongsheng as a Director of the BIS underscores China’s growing influence and active engagement in the international financial community.

This development is indicative of China’s dedication to contributing to the stability and prosperity of the global economy and financial system. As a Director of the BIS, Governor Pan Gongsheng will have the opportunity to collaborate with other central bank leaders to address pressing issues and challenges facing the world economy.

China’s active involvement in international financial institutions like the BIS demonstrates its commitment to promoting global economic stability and cooperation, further solidifying its position as a key player on the world stage.