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On April 16, 2024, the China US Financial Working Group held its fourth meeting in Washington, D.C. The meeting was co chaired by Xuan Changneng, Vice President of the People's Bank of China, and Naiman, Assistant Secretary of the Treasury of the United States. The State Administration of Financial Supervision and Administration, the China Securities Regulatory Commission, the Federal Reserve, the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation and other departments attended the meeting. U.S. Treasury Secretary Yellen met with the Chinese delegation of the China US Financial Working Group.
The two sides had a professional, pragmatic, candid and constructive communication on monetary policy and financial stability, financial supervision cooperation, financial market institutional arrangements, cross-border payments and data, sustainable finance, anti money laundering and anti-terrorism financing, financial infrastructure and other financial policy issues of mutual concern. The meeting also heard the report of the technical expert groups of both sides on the financial regulatory framework of the two countries. Both parties agreed to continue to maintain communication.
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