August 22, 2024, International Finance Forum (IFF) Vice President Xiong Wanpeng met with Bank of Japan (BOJ) Executive Director Seiichi Shimizu and other delegates from the BOJ visiting China. The two sides held talks on Japan’s monetary policy and its economic growth trends, the dynamic of China’s financial markets, and the state of China’s societal consumption and real estate reform, as well as the impacts of the United States Federal Reserve’s monetary policies and their spillover effects on the Chinese and Japanese economies. Chief Representative of the BOJ China Representative Office Kazunori Koike, Tatsuya Yoshida, a representative from its Beijing Representative Office, and leading members of the IFF Secretariat in attendance engaged in discussions and exchanges.

During these talks, the IFF Secretariat introduced the IFF’s 20-year course of development as an independent international organization and its deep roots within the Japanese government and people, and further conveyed the hope that the two sides will develop cooperation at even more levels in future.

Seiichi Shimizu expressed his appreciation for the opportunity of holding discussions with the Chinese side, above all with an international and professional platform such as the IFF, and offered his sincere recommendations for bolstering contacts and expanding exchanges at the business level.

On behalf of the BOJ, Shimizu presented the current state of Japan’s economic growth. He noted that China-Japan economic exchanges are growing ever more frequent and that the BOJ pays keen attention to growth trends in the Chinese economy. He hopes to enhance economic interactions between the two peoples by fostering exchanges with the IFF and tightening cooperative research and reciprocal learning on hot international economic and financial issues which are of common concern.

The IFF is a nonprofit, nonofficial, independent international organization, which the G20 and such institutions and their leaders as the United Nations, the World Bank, and the International Monetary Fund founded and established in October 2003. The IFF is a high-level permanent dialog mechanism and multilateral cooperation organization in the global financial field, in which it is known as the ‘F20 (Finance 20).’ The IFF’s objective is to establish a platform for global financial strategic dialog, exchange and cooperation, practical innovation, academic research, and talent cultivation via an international, market-oriented and professional operating mechanism, and to promote financial services to the world, along with comprehensive, sustainable development.