People's Bank of China Governor Pan Gongsheng called for major international financial institutions to address systemic imbalances and strengthen oversight during his keynote speech at the 2025 Lujiazui Forum in Shanghai. Highlighting a critical gap between emerging economies' global influence and their representation in financial governance, Pan stressed the need for reforms to align voting rights with actual economic contributions.
"The current framework risks undermining trust in multilateral systems," Pan stated, urging institutions to adopt neutral risk assessments and promote equitable participation. His remarks emphasized China's push for inclusive globalization, with proposals to stabilize supply chains and expand digital currency cooperation across Asia.
The annual forum, attended by central bankers and financial leaders, serves as a barometer for Asia's economic priorities. Analysts note Pan's speech reflects broader efforts to recalibrate post-pandemic recovery strategies while addressing developmental disparities between Global South economies and advanced nations.
