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The second meeting of the China-Europe Financial Working Group was held in Brussels, Belgium, with in-depth discussions on topics such as uncertainty in the global economy.

Breakings ·  May 14 19:03

The second meeting of the China-Europe Financial Working Group was held in Brussels, Belgium, from May 13 to 14, 2025. The meeting conducted in-depth exchanges on topics such as global economic uncertainty, the macroeconomic situation and financial stability of China and Europe, regulation of the banking and insurance industries, and the development of retirement funds and leasing companies, and held constructive discussions on emerging areas of cooperation such as sustainable finance, cross-border data flow, and the construction of a cross-border payment system. Both sides highly evaluated the positive results achieved since the establishment of the China-Europe Financial Working Group, unanimously agreed that this mechanism is an important channel for communication on financial policy between China and Europe, a key platform for solving practical problems, and a professional forum for exploring global economic and financial issues. Both sides will continue to deepen cooperation in key areas, promote the realization of more substantive results, and report cooperation results in a timely manner to the senior dialogue on China-Europe economic and trade relations and to the leaders of both sides. As a supporting activity of the China-Europe Financial Working Group, a roundtable of China-Europe Financial Institutions was held concurrently. The financial management departments of China and Europe listened carefully to the professional suggestions made by participating financial institutions on the digitization of financial services and innovation in CNI Xiangmi Lake Fintech Index, and fully communicated on specific requests such as optimizing market access and promoting business innovation. All parties agreed to establish a regular communication mechanism to jointly promote China-Europe financial cooperation to develop in broader areas and deeper levels.

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