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2025-09-16 14:05:15
[Pan Gongsheng published an article in "Qiushi": Firmly implement the global governance initiative and continuously promote the reform and improvement of global financial governance] Pan Gongsheng pointed out in his article in "Qiushi" that the cross-border payment system is the "artery" of global monetary capital operations, an important support for promoting international trade and investment and financing, maintaining financial stability, and an important support for the international monetary system. The evolution of the international monetary system towards the coexistence of a few sovereign currencies and the rapid development of digital technology will promote the diversified development of the cross-border payment system. The diversified cross-border payment system will in turn accelerate the transformation of the international monetary system. To improve global financial governance, all parties need to strengthen dialogue and cooperation. The People's Bank of China will be a firm practitioner of the global governance initiative, adhere to the path of reform and opening up, and the path of multilateralism, actively play the leading role of a major country, pragmatically carry out global financial governance and cooperation, and continue to build a more fair, just, inclusive and resilient global financial governance system, and contribute to improving global governance.
