On May 30, 2025, Pan Gongsheng, Governor of the People’s Bank of China (PBOC), met with Michele Bullock, Governor of the Reserve Bank of Australia. They exchanged views on economic and financial developements, monetary policy and bilateral financial cooperation.

Governor Pan noted that since the beginning of this year, China’s macroeconomic policies have become more proactive, and the economy has continued to improve. Given external uncertainties, China and Australia should further deepen bilateral financial cooperation and jointly address global challenges. Xuan Changneng, PBOC Deputy Governor, attended the meeting.