China and Canada Launch Financial Working Group Meetings

The inaugural meeting of the China-Canada Financial Working Group took place in Beijing on April 3, as highlighted by a statement from the People’s Bank of China (PBC) released on Saturday.

Co-chaired by Pan Gongsheng, the governor of the PBC, and Francois-Philippe Champagne, Canada’s finance minister, the meeting saw participation from senior representatives of both nations, including officials from central banks and leading financial regulatory authorities.

The China-Canada Financial Working Group was established in January 2026, aiming to create a structured and professional framework for dialogue on various topics such as financial and monetary policy, financial markets, stability and regulation, anti-money laundering practices, cross-border capital flows, and global financial governance.

This first assembly is seen as a significant development stemming from enhanced high-level interactions between China and Canada in recent times.

During the discussions, financial authorities shared insights on a range of subjects including the global macroeconomic outlook, monetary policy dynamics, financial regulatory approaches, market development, and collaborative efforts to address rising uncertainties.

Both parties recognized that fostering stronger communication between regulators and financial institutions would be instrumental in developing a stable and predictable business climate, while also promoting economic and trade relations.

Additionally, the session concluded with the announcement that the second meeting of the China-Canada Financial Working Group is anticipated to take place in the latter half of the year.