At the annual Sibos 2024 financial conference in Beijing, global financial leaders convened to discuss the future of international payments. Among them, Bill Winters, Group Chief Executive of Standard Chartered, highlighted the conference as a significant milestone in the evolution of global finance.
In an exclusive interview with CGTN's Michael Wang, Winters shared his insights on the shifting payment landscape. He emphasized how technological advancements and emerging markets are reshaping the way money moves around the world.
"The hosting of Sibos 2024 in Beijing marks a new era for global payments," Winters said. "The integration of innovative payment solutions and the rise of digital currencies are transforming international finance."
Winters pointed out the growing influence of the Chinese renminbi in global trade and finance. "The renminbi is steadily gaining prominence as a global currency," he noted. "Its increasing use in cross-border transactions reflects China's significant role in the global economy."
He also discussed the opportunities and challenges facing the global financial system. "While technology offers unprecedented opportunities for efficiency and inclusion, it also brings challenges in regulation and security," Winters explained. "Collaboration between institutions and regulators is key to navigating these complexities."
The Sibos conference, known for bringing together the world's leading financial minds, provided a platform for in-depth discussions on topics such as blockchain technology, digital currencies, and the future of banking.
As the global financial landscape continues to evolve, events like Sibos 2024 play a crucial role in fostering dialogue and innovation. Leaders like Winters underscore the importance of adapting to change and embracing new opportunities in the ever-shifting world of finance.
Reference(s):
StanChart CEO: Sibos 2024 in Beijing marks new era for global payments
cgtn.com
