UAE and China Boost Financial and Banking Cooperation at IMF-World Bank Annual Meetings
The United Arab Emirates and the People's Republic of China discussed ways to advance their bilateral partnership and expand financial and banking cooperation. This came during a meeting between His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and His Excellency Pan Gongsheng, Governor of the People's Bank of China (PBOC), held in Bangkok on the sidelines of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.
Advancing Bilateral Partnership and Shared Interests
The two sides—in the presence of His Excellency Ahmed Said Al Qamzi, Assistant Governor for Banking and Insurance Supervision, along with senior officials from both central banks—reviewed future opportunities to strengthen bilateral relations and addressed key issues of mutual interest in the financial sector.
Leadership Vision and Strengthening Financial and Investment Connectivity
H.E. Khaled Mohamed Balama emphasized that the deeply rooted historical ties between the two nations reflect the wise leadership's vision to consolidate joint efforts. He noted that this partnership serves as a solid foundation to elevate financial collaboration, enhance banking integration, and support trade flows and investment activity between the two countries.
Record Growth in Non-Oil Bilateral Trade
These talks come amidst rapid growth in economic relations between both nations, as non-oil bilateral trade achieved a major milestone, reaching approximately AED 410 billion (USD 111.5 billion) in 2025, representing an annual growth rate of 24.5%.