The two sides had professional, practical, candid and constructive communication on the macroeconomic and financial situation, monetary and financial policies and other financial policy issues of mutual concern

On October 31st, the two sides had professional, pragmatic, candid and constructive communication on the macroeconomic and financial situation of the two countries, monetary and financial policies, financial stability and supervision, capital markets, anti-money laundering and anti-terrorist financing, and other financial policy issues of mutual concern. The Chinese side introduced a package of policies for the financial regulatory authorities to support stable economic growth, including two tools of the People's Bank of China to support the stable development of capital markets, namely the Securities, Funds and Insurance Company Swap Facility (SFISF) and the Stock Repurchase and Refinancing Facility. The Chinese side also expressed concerns to the US side on related issues. The meeting heard reports from the technical expert groups of the two sides on issues such as balance of payments preparation, global systemically important banks (G-SIBs) crisis communication, and climate and insurance risks, and exchanged views on how to strengthen cross-border financial services regulatory cooperation.