PBOC Chief Seeks to Deepen Currency Ties With Asian Economies
- Pan speaks about benefits of bilateral currency swaps at forum
- Governor says Asian nations should have bigger say at IMF
The central bank has taken several steps to shore up confidence in an ailing economy.
Source: Bloomberg
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People’s Bank of China Governor Pan Gongsheng said the country will aim to boost currency cooperation with Asian economies to enhance financial stability in the region.
He spoke about the benefits of bilateral currency swaps in supporting trade and investment activities during a panel at China’s Boao Forum, without providing details. Pan added that Asian countries should cooperate to have a bigger say at the International Monetary Fund, and that China attaches high importance to financial risk prevention.