Chinese and British financial regulators achieved “tangible cooperation deliverables” on multiple issues at the inaugural meeting of the China-UK Financial Working Group held in Beijing recently, the People’s Bank of China (PBOC) said on Friday.
According to the PBOC, the two sides agreed to work toward signing a memorandum of understand-ing on cooperation in the area of central counter-party supervision between the PBOC and the Bank of England.
With the aim of safeguarding global financial stabil-ity, the PBOC and the British Treasury agreed to step up cooperation on crisis management, and on recovery and resolution frameworks, the PBOC said.
On capital markets, both sides pledged to encourage eligible companies to be listed in each other’s mar-ket including through the China-UK Stock Connect to broaden access to a diverse global investor base and institutional capital.
The China-UK Financial Working Group was estab-lished in May 2025 to provide a platform for regular communication and coordination on financial policy between the two countries, and to promote tangible deliverables.
Its inaugural meeting was convened as an outcome of recent high-level exchange between China and Britain, the PBOC said.
