GCC Chief Calls for Tangible Results in Financial Cooperation with China

Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi called for concrete progress in cross-border banking cooperation between the GCC and China. The remarks were made during a Bangkok meeting between GCC central bank governors and People's Bank of China Governor Pan Gongsheng. The discussions aimed at linking financial markets, supporting trade facilitation, and maintaining monetary stability.

Published October 14, 2026 Source: Kuwait Times

English Original
中文 Chinese version
العربية Automatic translation

Illustration

Gulf Cooperation Council (GCC) Secretary-General Jasem Al-Budaiwi highlighted expanding economic and financial relations between GCC member countries and China during a meeting on October 14, 2026.

The joint session brought together GCC central bank governors and People's Bank of China Governor Pan Gongsheng in Bangkok. The meeting was held on the sidelines of the annual International Monetary Fund and World Bank meetings.

Chaired by Central Bank of Bahrain Governor Khalid Humaidan, the gathering focused on cross-border banking initiatives. Al-Budaiwi emphasized the necessity of achieving tangible outcomes in financial coordination.

According to Al-Budaiwi, enhanced financial ties remain essential for linking capital markets, facilitating bilateral trade, and preserving monetary stability amid wider global challenges.