The inaugural meeting of China-UK Financial Working Group has been held in Beijing recently, the People's Bank of China said on February 6, 2026. Photo: Screenshot from the People's Bank of China

The inaugural meeting of China-UK Financial Working Group (FWG) was held in Beijing recently, co-chaired by Pan Gongsheng, Governor of the People's Bank of China (PBC) and Lucy Rigby, Economic Secretary to the HM Treasury (HMT). The convention of the inaugural FWG meeting is included as one of the outcomes of the recent high-level exchanges between China and the UK, the PBC said on Friday.

During the meeting, financial management authorities from both sides exchanged views on global macroeconomic developments and financial stability, financial regulation and supervision, market development and connectivity, anti-money laundering as well as anti-counterfeit currency, and secured several tangible cooperation deliverables. Both sides agreed that the FWG will play a positive role in promoting exchanges between the financial management authorities, promoting financial market development and innovation, and safeguarding financial stability of the two countries, said the PBC.

The China-UK FWG was established in May 2025, with an aim to provide a platform for regular communication and coordination on financial policy between the two countries and to promote tangible deliverables. The FWG reports directly to the co-leads of the China-UK Economic and Financial Dialogue.

On the sidelines of the FWG, a roundtable with financial institutions was held. The financial management authorities of both sides listened to suggestions from the major financial institutions of the two countries on topics such as financial market development, cooperation opportunities, and financial innovation, and responded to their requests and comments, according to the PBC.

Global Times