ECB and People’s Bank of China Strengthen Ties with New Cooperation Agreement
Memorandum of Understanding facilitates enhanced dialogue and technical cooperation between central banks.
On June 11, 2025, Christine Lagarde, President of the European Central Bank (ECB), and Pan Gongsheng, Governor of the People’s Bank of China, signed a Memorandum of Understanding (MoU) in Beijing aimed at strengthening cooperation between their respective institutions.
This agreement updates a previous MoU established in 2008 and outlines a framework for the regular exchange of information, ongoing dialogue, and technical collaboration in central banking practices.
The signing of the MoU comes amidst ongoing global economic challenges, emphasizing the importance of sustained international cooperation.
Lagarde noted the significance of the agreement in enhancing dialogue with the People’s Bank of China, highlighting the need for collaborative efforts among central banks to address shared financial concerns.
The MoU seeks to bolster the relationships between the two banks and promote stable economic growth through enhanced understanding and cooperation.
This agreement updates a previous MoU established in 2008 and outlines a framework for the regular exchange of information, ongoing dialogue, and technical collaboration in central banking practices.
The signing of the MoU comes amidst ongoing global economic challenges, emphasizing the importance of sustained international cooperation.
Lagarde noted the significance of the agreement in enhancing dialogue with the People’s Bank of China, highlighting the need for collaborative efforts among central banks to address shared financial concerns.
The MoU seeks to bolster the relationships between the two banks and promote stable economic growth through enhanced understanding and cooperation.
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