第四次中德高级别财金对话联合声明发布

Core Points - The fourth high-level financial dialogue between China and Germany was held on November 17, 2025, focusing on strategic and long-term issues in the financial sector [1] - Both countries reaffirmed their commitment to multilateral cooperation and opposition to unilateralism and trade protectionism, emphasizing the importance of the G20 as a platform for international economic cooperation [2] - The dialogue resulted in agreements to enhance cooperation in various areas, including macroeconomic policy coordination, international financial institution reform, and sustainable development [2][3] Group 1: Bilateral Cooperation - Both parties committed to maintaining international and multilateral cooperation, opposing unilateralism and trade protectionism, and supporting the G20's role in international economic cooperation [2] - They emphasized the importance of a rules-based multilateral trading system centered around the World Trade Organization (WTO) and agreed to support WTO reforms [2] - Both sides agreed to continue close cooperation within the framework of the International Monetary Fund (IMF) and support a strong, resource-rich IMF [2][3] Group 2: Financial Stability and Development - The dialogue highlighted the need to address debt vulnerabilities in low- and middle-income countries and to implement the G20's debt treatment framework [3] - Both countries recognized the importance of the International Development Association (IDA) and supported its funding commitments [4] - They expressed a commitment to enhancing cooperation under the Asian Infrastructure Investment Bank (AIIB) framework to support sustainable development [4] Group 3: Financial Market Connectivity - Both parties welcomed the issuance of Global Depositary Receipts (GDRs) and Chinese Depositary Receipts (CDRs) to enhance market liquidity and connectivity [7] - They acknowledged the significance of Panda bonds for German enterprises in China and supported qualified German institutions in issuing Panda bonds [7][8] - The dialogue recognized the importance of a developed derivatives market for enhancing market depth, liquidity, and stability [7] Group 4: Regulatory Cooperation - Both sides agreed to strengthen regulatory cooperation in the banking and insurance sectors and explore the possibility of signing a memorandum of understanding [6][8] - They recognized the role of fintech in enhancing financial services and encouraged cooperation between financial technology institutions [9] - The dialogue emphasized the importance of timely and efficient processing of relevant licensing applications to facilitate market access for financial institutions [9][10]