Financial institutions should strengthen economic oversight: PBOC

The shares and voting rights of emerging markets and developing countries in major international financial institutions are significantly lower than their actual economic weight in the global economy, said Pan Gongsheng, governor of the People’s Bank of China, at the opening ceremony of the 2025 Lujiazui Forum in Shanghai. He emphasized that major international financial institutions should further strengthen their economic oversight function, objectively asses global risks, guide countries to actively support economic globalization and the multilateral trading system, and maintain the stability of the international financial system.