Joint statement on the launch of the Canada-China Financial Working Group

Beijing, 3 April 2026

1. The establishment of the Canada-China Financial Working Group (FWG) was a key outcome of the Canada-China Economic and Trade Cooperation Roadmap agreed by Leaders during Prime Minister Carney’s first official visit to China in January 2026.
2. The inaugural meeting of the FWG was held in Beijing on 3 April 2026. The FWG also convened a Canada–China Joint Roundtable with financial institutions from both sides. Vice Premier He Lifeng and François-Philippe Champagne, Canada’s Minister of Finance and National Revenue, attended the Roundtable. Mr. Champagne also co-chaired the FWG meeting with Mr. Pan Gongsheng, Governor of the People’s Bank of China (PBOC).
3. The FWG provides a structured and technical channel to enhance bilateral engagement on issues such as financial and monetary policies, financial markets, financial stability and regulation, anti-money laundering, cross-border capital flows, and global financial governance.
4. The meeting convened senior officials from the PBOC, the National Financial Regulatory Administration (NFRA), the China Securities Regulatory Commission (CSRC), and the State Administration of Foreign Exchange (SAFE) on the Chinese side, and from the Bank of Canada, the Office of the Superintendent of Financial Institutions (OSFI), and the Department of Finance on the Canadian side.
5. Financial authorities from both sides exchanged views on recent global economic developments, monetary policy, navigating growing uncertainty, financial regulatory policy developments and institutional mandates, financial markets developments, and global financial governance.
6. Both sides recognize the value of engagement between regulators and financial institutions to deepen business relations and promote a stable and predictable business environment.
7. Both sides also recognize the important role the financial sector plays in economic growth and facilitating two-way trade and investment and the benefits of deepening relationships between their respective financial authorities.
8. Both sides reaffirmed the value of holding frequent, professional and in-depth exchanges on financial issues of shared interest. Towards this end, both sides agreed to convene the next meeting of the FWG at an appropriate time in the second half of this year.