According to the central bank's website, during the International Monetary Fund/World Bank annual meeting in Bangkok, Thailand from October 14 to 17, 2026, Vice Governor Xuan Changneng of the People's Bank of China attended meetings such as the Global Sovereign Debt Roundtable, the International Monetary and Financial Committee Economic Situation Briefing, and the International Finance Association Trusteeship Committee Annual Meeting. Xuan Changneng said that the recent rise in risk-free interest rates in global financial markets has raised financing costs for developing countries and further increased debt repayment burdens. All parties should strengthen multilateral cooperation, adhere to the principle of “common action and fair burden”, and explore the establishment of an effective implementation mechanism for the private sector to participate in debt restructuring in a comparable manner. All parties should continue to promote the improvement of the global sovereign debt governance system, improve the IMF and World Bank's debt sustainability analysis frameworks for low-income countries, properly define the scope of public debt, and strengthen information sharing with creditors. Currently, the development of the world economy and the global financial system are facing many challenges. China will firmly implement the strategy of expanding domestic demand, systematically promote investment in new infrastructure such as the “Six Networks”, adhere to the close integration of investment in goods and people, and promote the high-quality and efficient development of the service industry. During the annual meeting, Xuan Changneng also met with Bank of Denmark Governor Thomson, Bank of England Deputy Governor Briden, South Korea's Executive Director at the IMF, Le Minghan, Chairman of BNP Paribas, Vanny D'Aquilafy, CEO Urbain, BlackRock Group Vice Chairman Hildebrand, Citigroup International Business CEO An Licheng, and Bank of New York Mellon Executive Vice Chairman Kabrawe to exchange views on topics such as the global economic and financial situation and bilateral cooperation.

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