{"id":429321,"date":"2025-06-11T09:27:50","date_gmt":"2025-06-11T07:27:50","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/06\/11\/bce-banca-popolare-cinese-cooperazione\/"},"modified":"2025-06-11T11:49:59","modified_gmt":"2025-06-11T09:49:59","slug":"ecb-and-peoples-bank-of-china-renew-and-expand-cooperation","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/06\/11\/ecb-and-peoples-bank-of-china-renew-and-expand-cooperation\/","title":{"rendered":"ECB and People’s Bank of China renew and expand cooperation"},"content":{"rendered":"

Brussels – An even more regular exchange of information, continuous dialogue on a more open channel of communication, and enhanced technical cooperation: the European Central Bank and the Central Bank of China (People’s Bank of China<\/a>) signed a memorandum of understanding reviving bilateral ties and cooperation, updating the 2008 protocol that provides, among other things, for staff exchanges.<\/p>\n

The document was signed during ECB President Christine Lagarde’s visit to Beijing. As part of the visit, her meeting with the governor of the People’s Bank of China, Pan Gongsheng, resulted in\u00a0the signing of a new memorandum of cooperation in the field of central banking.<\/p>\n

The Sino-European cooperation between central banks is part of a continuing process of closer ties that\u00a0began almost twenty years ago and already led to the 2013\u00a0signing of a bilateral local currency\u00a0<\/strong>swap<\/a>\u00a0agreement<\/strong>\u00a0to support bilateral economic and trade relations.\u00a0The 2013 decision aimed to create a safety mechanism\u00a0to provide liquidity support to promote the further development of the Chinese and European financial markets.<\/span><\/span><\/span><\/p>\n

Today (June 11), the signing of the new memorandum of understanding comes\u00a0in the context of new and more unpredictable Euro-Atlantic relations. The president of the ECB, Christine Lagarde<\/strong>, makes no reference whatsoever to the Trump administration, its trade war, and its untrustworthiness, merely emphasizing that the new protocol is a “sign of our ongoing dialogue with the People’s Bank of China<\/strong>.” Words that certify a strengthening of relations with Beijing, which is certainly not an easy partner to deal with<\/a> at a time when stability and certainty are needed.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Memorandum of Understanding was signed updating the one from 2008. The document between the ECB and the Central Bank of China is sees as a counter to Trump-era policies<\/p>\n","protected":false},"author":494,"featured_media":241231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26112,26152,25916,26453,26151,25828,26364],"class_list":["post-429321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bce-en","tag-christine-lagarde-en","tag-cina-en","tag-cooperation-en","tag-bank-central-en-en","tag-eurozone-en","tag-ue-cina-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/429321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=429321"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/429321\/revisions"}],"predecessor-version":[{"id":429334,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/429321\/revisions\/429334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/241231"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=429321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=429321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=429321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}