Central Bank Governor Addresses G20 Meeting on Financial Stability and Policy

People's Daily reports that the G20 convened its third finance ministers and central bank governors meeting in Bangkok, Thailand, on October 15, 2026. The forum addressed the global economic outlook and financial sector reforms, with People's Bank of China Governor Pan Gongsheng addressing the event alongside Deputy Governor Xuan Changneng. Participants observed that while the global economy retains general resilience, multiple challenges persist. Trade friction and protectionism impede economic activity by disrupting supply chains, elevating inflation, and disturbing market expectations. Meeting attendees supported strengthening the financial regulatory framework to safeguard stability and urged enhanced policy coordination across the G20. Pan stated that heightened geopolitical conflicts remain the primary global uncertainty, accompanied by debt market volatility in certain countries and valuation correction risks in artificial intelligence-related assets. He noted that modernizing supervision must not compromise stability, and global imbalances require broader scrutiny of capital flows rather than relying solely on exchange rates. Regarding domestic conditions, Pan stated that China's high-quality economic development maintains positive momentum while financial markets operate smoothly. The People's Bank of China will continue implementing a moderately loose monetary policy to foster a sound monetary and financial setting for steady economic growth and market stability.