BEIJING — On May 25, 2026, Governor Pan Gongsheng met with François Villeroy de Galhau, Governor of the Banque de France. They exchanged views on the global economic situation, China’s economic outlook, Sino-French and Sino-European economic and financial cooperation, global economic and financial governance, and other topical issues.
Governor Pan noted that under the strategic guidance of the two countries’ heads of state, Sino-French relations and cooperation have made positive progress in recent years. At present, the global economy is facing multiple challenges, including geopolitical conflicts. China and France, as well as China and the EU, should strengthen strategic communication, jointly uphold multilateralism, and work together to build a global financial governance system that is more fair, just, inclusive and resilient. He also noted that China is firmly committed to opening up its financial sector and welcomes financial institutions from France and other countries to deepen their presence in the Chinese market. The PBOC stands ready to continue deepening its exchanges and cooperation with the Banque de France, with a view to advancing Sino-French and Sino-European financial cooperation to a new level.
Governor Villeroy de Galhau noted that deepening Sino-French and Sino-European cooperation is of great significance in the current complex and evolving international environment. The Banque de France attaches great importance to its cooperative relationship with the PBOC, and is committed to further strengthening communication and coordination to jointly advocate for improvements in global economic and financial governance.
Following the meeting, Governor Villeroy de Galhau delivered an academic lecture at the PBOC, followed by an exchange with staff.
Xuan Changneng, Deputy Governor of the PBOC, attended the meeting and chaired the lecture. Yi Gang, Chairman of the Governing Council of China Society for Finance and Banking, attended the lecture. —PBOC
